“I think, from an individual perspective, the best deal investment you can make is to buy a primary residence that you’re the owner-occupier of.” – Billionaire John Paulson
Paulson has not been the only billionaire to give such advice. As a matter of fact, that same advice has been given by people of wealth throughout the history of our nation.
Radio Show: The Word on Wealth, KPRZ, with Real Estate Expert Rebecca Austin & Financial Planner Marty Schneider
Show Date: 4/23/15
Here is a quote often attributed to Theodore Roosevelt, 26th President of the United States and billionaire real estate developer:
“Every person who invests in well-selected real estate … adopts the surest and safest method of becoming independent, for real estate is the basis of wealth.”
Andrew Carnegie, one of the richest entrepreneurs in American history said:
“90% of all millionaires became so through owning real estate.”
If the same advice has been given by the wealthiest people in each era of our country’s history, perhaps we should take it. In today’s market, you don’t need a hefty down payment in order to become a homeowner. There are various low downpayment mortgage options available in 2015 for buyers.
Click on the link below to listen to me and Jon Shrum of Commerce Mortgage discuss new programs available to First Time Homebuyers as well as as well as Move UP or Move Down buyers with as little as 3% downpayment.