Arizona Association of Mortgage Brokers - in today's on-line Arizona Republic, the most read article is "Recession offers deals of a lifetime".
This from the article:
And this:"Early this year, the 30-year-old salesman in Scottsdale shelved expensive meals and vacation plans and threw "every spare dollar" into the stock market. The value of his portfolio has more than tripled as the market has rallied since March." "This is like buying a swimsuit in the fall or a winter jacket in the spring," he said. "Get in while it's a good deal."
Might this be the sweet spot of the mortgage market? What are you finding?"Only 39 percent of adults younger than 35 are homeowners, compared with 80 percent of those older than 55, according to the U.S. Census Bureau. So the opportunity for those in their 20s and 30s to take advantage of the real-estate crash is greater than for any other age group."
Comments