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Saturday, July 18, 2009

Is land a good investment In Phoenix?

An interesting article hit the Phoenix Business Journal yesterday on how investors are starting to pick up speculative land purchases at fire sale prices, now that "we know the world is not coming to an end."

Love that quote. Anyway, it is true that the real estate market is emerging from the gloom slowly and things are starting to pick up.

Vast majority of market is speculators
Reporter Matt Culbertson goes on include a quote from his source, “As long as you’re near the bottom, they feel comfortable in buying, The vast majority of the transactions that we’re seeing are speculators, for lack of a better term.”

We at HomeLovers have to agree that land investment is MUCH more speculative than homes, even in today's depressed market.

Buy homes, not land
While land investments have obviously been good for some over the years, HomeLovers does not recommend it to the average real estate investor. We point them to the much more stable and predictable housing market.

Watch for our press release on Monday that talks more about the state of the Arizona market.
Want to learn more about the nuances of real estate investing for free?

Call HomeLovers today at 602-792-5324 for a free consultation from expert investors with very successful portfolios of their own - Mike Sargent or Dave Zundel. I think you'll be extremely impressed by the level of advice and skill that is offered.

They are great at understanding the nuances of rentals and investing in Arizona, and sorting out which properties are good deals, and which are actually good deals for an investment. Very different things!

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