February 9, 2009
My father in law, a very savvy man with a master’s degree in finance, was
talking to me recently about his first home purchase. It was 1978, Jimmy
Carter was president, interest rates were nearing 20%, inflation was around
16% and unemployment hovered at 10%. The DOW was at 800! He purchased a home
in Park Hill in a what is considered a very desirable location today,
however a location which at the time was “less than ideal”. His house has
appreciated roughly 500% since then! It has been his best investment. He
believes the worst thing about the economy today is the media.
I think that some of you are now realizing that this is an amazing time of
opportunity. Existing home sales were up 6.8% last month, the biggest
monthly jump in seven years! More significantly, inventory of single-family
homes dropped to 8.7 months – the lowest in over two years! Anything under 6
months of inventory is considered a normal market, so we’re getting there.
GET IN BEFORE WE GET THERE and take advantage of today’s amazing interest
rates and all of the available inventory.
To make things even more appealing to home buyers, now the SENATE HAS PASSED
A $15,000 BONUS FOR HOMEOWNERS! Unlike the previous $7500 tax credit, if
this bill is enacted, it will provide a direct tax credit to ANY homebuyer
for the purchase of ANY home. The tax credit would not have to be repaid.
The amendment would allow taxpayers to claim the credit on their 2008 income
tax returns.
Call me for the details of how you can take advantage of this bill; maybe on
one of these incredible deals:
Housing Alerts
Address — Opp. Value — List Price — Opportunity — Opp. %
1 Arabian PL, Littleton — $894223 — $799900 — $94323 — 11.79
2020 E 8th Ave, Denver — $551164 — $159900 — $391264 — 244.69
Luana Clay
Buyer and Investor Specialist
1601 South Pearl Street Denver, CO 80210
720-341-6588 – cell
720-294-1363 – fax