Let’s Talk About Seattle Real Estate

Be it ever so humble, I would argue that the business model represented by an ordinary “mom-and-pop”  investor buying a single-family residence or duplex for a long-term investment has proven generally superior to any other investment strategy of the last 25 years. The reasons why?

1)    You know the management well and can count on not going to great difficulty to find it: It’s you.
2)    It is not subject to complicated and hard-to-understand finance structures: A fixed-rate mortgage, make        360 or 180 payments, and it’s yours.
3)    You know what you own, for better or worse: There it stands, go look at it, that is, truly, what you own.
4)    The discipline it requires of us forces us to be alert.

How can any of this be bad?

This entry was posted on Monday, March 2nd, 2009 at 2:52 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.