Tuesday, December 17, 2013

A Home Is Somewhere You Live Not Your Primary Investment

By Rolly Ayotte


No doubt in late infomercials you have heard pitches on the easy money to be made in the Real Estate Investment trade. There is no doubt about it real estate is always a good long term investment. On top of that "they are not making any more". Nevertheless, the current crisis has affected the economy resulted to foreclosure of many jobs related to state properties and fewer demands of agents. Among the leading countries with lots of innovations in technology and science, Europe and United States received the greatest impacts in the last number of years.

Though the financial and governmental authorities have compensated for a small portion of the losses, few real estate companies have decided to close their property selling and renting; thus, agents and other workers have experienced lots of financial problems afterwards. Some of these individuals have lost their properties, including their houses and cars. The use of credit cards was also practiced to buy necessary and unnecessary items such as expensive jewelries and according to business analysts; this kind of money consumption was one of the results of improper financial management. On top of that local city tax departments are not forgiving with past assessed and owed property taxes by the owner on record. Hence to add insult to injury the property owner , even if in financial arrears is expected to make full payment on all past property tax assessments due as well as penalties and interest owing .

In actuality, residential and commercial are the two factors related to real state and properties. Most families belong to residential sectors because they are the best places to dwell when it comes to rates. However, industrial sectors are playing the greatest role in the economy because they are the main sources of taxes to supply the financial needs of the government. These sectors are dealing with shopping malls, offices and factories.

There are two sectors that clients should know before choosing his house. Most families are looking for residential sectors because they are affordable compared to commercial ones. However, the latter sector is valuable to the economy as it pays taxes for state funds. Also, it deals with factories, shopping malls and offices.

Several financial analysts will advise that Real Estate and property businesses are cyclical and fluctuating. There will be times where owners would find houses to reside with for a long period of time, but some might not be as productive as other because of the financial crisis that affects both clients and business owners. However, early real estate investment is one of the best decisions that anyone can ever make because rates are changing annually. So, it is better to own property before it has been sold for higher amounts. Basically, everyone needs to live somewhere and place that they can call their own. With this fact, properties in Netherlands or New Orleans have a greener pasture to offer to future clients.




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