Every day is a great day to buy a single family home, even in Phoenix. That ought to rile up the analytical types here. Of course, that same principle applies to the stock market, as well.<\/p>\n
I started my career as a “Financial Consultant” but was mentored by some fellas who preferred to be called “Customer’s Man<\/a>” (title preserved with apologies to the fairer gender<\/em>). My tutors would buy me a scotch in Suburban Station<\/a>, then ride the R5-Paoli Local<\/a> home with me. I’d receive a 70-minute lesson about how and when to buy stocks for clients. The first lesson was that every day was a good day to own a good company.<\/p>\n Of course, the part I’m leaving out is that price and underlying quality were important factors in the investment decision- fundamentals rule when it comes to long-term investing. These Customer’s Men<\/em> weren’t the Bud Fox-type on Wall Street<\/a>, churning clients’ accounts, they were more like the character Hal Holbrook played<\/a> (Stick to the fundamentals. That’s how IBM and Hilton were built. Good things, sometimes, take time<\/em>).<\/p>\n The same principle can be applied to real estate.<\/strong> Greg Swann did his best Hal Holbrook impression with this article in the Arizona Republic<\/a>. The fundamentals are fabulous for Maricopa County real estate. Three people move into Maricopa County for every two people that leave every year; that’s a growing population<\/a>. The local economy is diversifying<\/a> with small businesses leading the way. An expanding economic base and a growing population<\/a> make for an attractive situation for landlords.<\/p>\n Are the long-term prospects for Phoenix real estate good?<\/strong> The fundamentals would have you believe that they are. Lawrence Yun predicted a 50% rise in Phoenix housing prices in a five year period<\/a>; I commented that it may take ten years<\/a>. Still, 50% over ten years is a helluva return, when leveraged four to one. Invest $100,000 in Phoenix real estate today, and you could conceivably receive a triple in your original investment, ten years from now. That Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Every day is a great day to buy a single family home, even in Phoenix. That ought to rile up the analytical types here. Of course, that same principle applies to the stock market, as well. I started my career as a “Financial Consultant” but was mentored by some fellas who preferred to be called […]<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8,5],"tags":[],"class_list":{"0":"post-3217","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-investment","7":"category-real-estate","9":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":475,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/475\/blogoff-post-98-first-timers-search-gives-good-lesson-for-buyerssellers\/","url_meta":{"origin":3217,"position":0},"title":"Blogoff Post #98: First-timers’ search gives good lesson for buyers\/sellers . . .","author":"Greg Swann","date":"September 26, 2006","format":false,"excerpt":"This is one of my all-time favorites from my Arizona Republic column:I was out showing with first-time home buyers Saturday. This is my favorite job as a Realtor. Buying a home is never easy, but it gets easier with experience. We looked at 14 houses, all in the same area.\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6299,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/6299\/us-adults-may-not-want-foreclosed-homes-but-homebuyers-sure-do\/","url_meta":{"origin":3217,"position":1},"title":"“U.S adults” may not want foreclosed homes, but homebuyers sure do","author":"Greg Swann","date":"December 28, 2008","format":false,"excerpt":"This is my column for this week from the Arizona Republic (permanent link). \u00a0\"U.S adults\" may not want foreclosed homes, but homebuyers sure do Did you see in the news where only 47% of U.S. adults would consider buying a foreclosed home? An amazing number, isn't it? What does it\u2026","rel":"","context":"In "Lending"","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2826,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2826\/in-the-metropolitan-phoenix-real-estate-market-our-long-slow-slide-in-home-prices-is-finally-encountering-demand\/","url_meta":{"origin":3217,"position":2},"title":"In the Metropolitan Phoenix real estate market, our long, slow slide in home prices is finally encountering demand","author":"Greg Swann","date":"March 24, 2008","format":false,"excerpt":"This is my column for this week from the Arizona Republic (permanent link): \u00a0In the Metropolitan Phoenix real estate market, our long, slow slide in home prices is finally encountering demand If you've been looking for the bottom of the Phoenix real estate market, it might well be upon us.\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2555,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2555\/if-youve-finally-found-your-dream-home-dont-dawdle\/","url_meta":{"origin":3217,"position":3},"title":"If you’ve finally found your dream home — don’t dawdle","author":"Greg Swann","date":"February 1, 2008","format":false,"excerpt":"This is my column for this week from the Arizona Republic (permanent link): \u00a0If you've finally found your dream home -- don't dawdle Here's a paradox for the ages: It's been a strong buyers market for more than two years -- and yet buyers still can't afford to be lax\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5778,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/5778\/the-bottom-of-the-phoenix-real-estate-market-may-be-in-sight-but-alas-the-end-is-not-near\/","url_meta":{"origin":3217,"position":4},"title":"The bottom of the Phoenix real estate market may be in sight — but, alas, the end is not near","author":"Greg Swann","date":"November 23, 2008","format":false,"excerpt":"This is my column for this week from the Arizona Republic (permanent link). \u00a0The bottom of the Phoenix real estate market may be in sight -- but, alas, the end is not near When will the Phoenix real estate market finally hit bottom? Believe it or not, I can answer\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3193,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3193\/looking-for-the-bottom-real-estate-speculators-are-establishing-the-bottom-dollar-price-for-lender-owned-homes-in-phoenix\/","url_meta":{"origin":3217,"position":5},"title":"Looking for the bottom? Real estate speculators are establishing the bottom-dollar price for lender-owned homes in Phoenix","author":"Greg Swann","date":"May 31, 2008","format":false,"excerpt":"This is my column for this week from the Arizona Republic (permanent link). \u00a0Looking for the bottom? Real estate speculators are establishing the bottom-dollar price for lender-owned homes in Phoenix If you're looking for the bottom of the real estate market in Phoenix, chances are it's right up the block.\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/3217","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=3217"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/3217\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=3217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=3217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=3217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}