Better than Gold
Submitted by Jerry Cohen on Mon, 02/02/2009 - 19:20
Yes, we've been busy; very, very busy, in fact. We've been close to overwhelmed lately as new investors join the EquityBuild team. With far more demand for investment properties than we can deliver at the moment, I've been concentrating on expanding our fulfillment division.
Part of the reason that we've been experiencing so much demand is that word is getting out. Most of our new clients are coming to us because they know somebody who has invested with EquityBuild. Another reason, I think, is the economy.
Unfortunately, a lot of people have lost a significant portion of their retirement funds because of the downturn in the stock market. They need to make up that loss but don't want to double down in the stock market.
Now, people are looking for real assets that can't be wiped out by the gyrations of panicked traders. Income properties outside the glamor locations hit by the housing price bubble provide that security. One investor told me that owning EquityBuild properties is better and safer even than owning gold.
"You can't buy gold using only your credit," he told me, "and then rent it to somebody else to get the money to make the payments. On top of that," he said, "there's the satisfaction that comes from providing quality homes in great neighborhoods to the working families hit hardest by this economic downturn. That's as golden as you can get."
I agree.
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