We have all heard a lot about the downturn in the financial sector these days and with the collapse of IndyMac bank, my phone has been ringing off the hook with questions about whether buying real estate right now is the best thing to do. The answer is absolutely. Real Estate is a tangible investment and with prices the lowest they have been in years, now is a good time to put your money into the market.
If you learn anything from the collapse of IndyMac and the other banks that have been bailed out due to poor lending practices it is this: diversify your portfolio. That means that your money should NEVER be in one place or one bank. Each account you have is only FDIC insured up to $100,000. If you have more than $100,000 in the bank, use the rest to buy Huntington Beach real estate or open other accounts so that your money is safe.
I know in times like these it’s hard to know what your best move is going to be. But remember, the housing market will always ebb and flow and NOW is a buyers market. So if you want your money to be safe, really consider investing in Orange County real estate.
Realtor Deedee Sive
Huntington Beach Real Estate Specialist
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