Wednesday, March 25, 2015
Billionaire Says Real Estate is Best Investment Possible
Billionaire money manager John Paulson was interviewed at the Delivering Alpha Conference presented by CNBC and Institutional Investor. During his session he boldly stated:
"I still 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.”
Who is John Paulson?Paulson is the person who, back in 2005 & 2006, made a fortune betting that the subprime mortgage mess would cause the real estate market to collapse. He understands how the housing market works and knows when to buy and when to sell. What do others think of Paulson?
According to Forbes, John Paulson is:
“A multibillionaire hedge fund operator and the investment genius.”According to the Wall Street Journal, Paulson is:
“A hedge fund tycoon who made his name, and a fortune, betting against subprime mortgages when no one else even knew what they were.”
Why does he believe homeownership is such a great investment?Paulson breaks down the math of homeownership as an investment:
"Today financing costs are extraordinarily low.”The latest numbers from Freddie Mac show us that you can still get a 30-year mortgage for under 4%.
“And if you put down, let's say, 10 percent and the house is up 5 percent,” as many experts predict, “then you would be up 50 percent on your investment."How many are seeing a 50% return on a cash investment right now?
Paulson goes on to compare the long term financial benefits of owning verses renting:
“And you’ve locked in the cost over the next 30 years. And today the cost of owning is somewhat less than the cost of renting. And if you rent, the rent goes up every year. But if you buy a 30-year mortgage, the cost is fixed.”
Bottom LineWhenever a billionaire gives investment advice, people usually clamor to hear it. This billionaire gave simple advice – if you don’t yet live in your own home, go buy one.
Posted by Ed Hughes at 6:31 PM
Tuesday, March 24, 2015
Remodeling Projects: Evaluating Cost vs. ValueHome renovations can be tricky. You want to improve your space (and the way you live in it). But you don't want to end up in the red when it comes time to sell. Before you splurge on that chef's kitchen or a steam shower in your bath, make sure your projects enhance your home in the eyes of future buyers as well.
Here are few improvements that Remodeling magazine says will return the most on your renovation dollars. (The examples below reflect 2014 numbers.)
Under $5,000: Functional, secure and energy-efficient entries are chief priorities in this price range. Your best bet is replacing your front door with a sturdy steel unit. Finish it with an antique brass lockset, and you can expect to recoup 96.6 percent of your investment. A garage door replacement offers an equally respectable 82.9 percent return.
Between $5,000 and $25,000: A wooden deck is tops for a mid-range budget, recouping 87.4 percent of the $10,000 you can expect to spend. A minor kitchen remodel also fares well: Budgeting $18,000 for fresh paint, a new oven, new floors, fixtures, countertops and new doors on existing cabinetry typically results in recouping 82.7 percent at resale.
From $25,000 and $100,000: An attic bedroom is a romantic notion, and it offers the best return at this price range. Converting the space into a bedroom and bathroom (with shower) will get you back 84.3 percent of your spend. Likewise, a newly finished basement returns 77.6 percent.
Have other plans in mind? Read Remodeling's summary on cost vs. value trends, and jump into your home improvement projects more informed.
Posted by Ed Hughes at 10:11 AM
Monday, March 23, 2015
Friday, March 20, 2015
|Title:||New England Home Show|
|Date:||3/20/2015 - 3/22/2015|
|Address:||Gillette Stadium , One Patriot Place, Foxborough, MA|
|Hours:||Friday 2PM - 9PM, Saturday 10AM - 9PM, Sunday 10AM - 6PM|
|Cost/Cover:||Adults: $10, 17 and under: Free, Buy tickets online and save $2|
|Contact Info:||(800)543-1776; (508)384-4389|
|Details:||From lighting to flooring to siding for your home, from techniques to tools, over 500 experts are on hand to answer your burning DIY questions! Located at the Dana Farber Field House at Patriot Place. Bring the kids and enjoy live cooking demonstrations, furniture building zone and a craft and specialty food area. |
Now in its fifth year at the New England Home Shows, the Craft Pavilion is an amazing aisle of handcrafted products made by talented artists and artisans from the northeast. Their creations include furniture, jewelry, pottery blown glass, stained glass. clothing, photography, paintings, sculpture, metal, crafts form other media, and specialty foods. The artists and artisans are the actual makers of their goods and they are in their booths selling directly to the public. So, while at the Show, take the time to meet the artists, view their works, and support locally made handmade products.
Posted by Ed Hughes at 8:20 PM
Monday, March 16, 2015
Sunday, March 15, 2015
|Title:||Travel & Taste Newfoundland: Fins, Feathers and Fossils|
|Address:||280 Eliot St.|
|Hours:||Dinner at 6:30 pm, Lecture at 7:30 pm.|
|Cost/Cover:||Dinner/Lecture: $26M;$32NM/Lecture only: $12M; $15NM (7:30 start)|
|Web Page:||http://www.massaudubon.org/get-outdoors/program-catalog#prog ...|
|Details:||Over a 5 week adventure in Newfoundland, from cute Atlantic puffins, terns, gulls and Leach’s storm petrels to the cliff nesting Northern gannets and only breeding colony of manx shearwaters in all of North America, Ed and Janet discovered Newfoundland was for the birds! On land, one can “travel back in time” from Viking settlements and beyond to evidence of continental collisions and Cambrian layers on “The Rock.” Here you can see folded rocks from continents colliding and million year old fossil layers. Newfoundland is only one of two places in the world you can see trombolites, the critically endangered flower-shaped mounds formed from algae & bacteria, the only known forms of life from 3.5 billion to 650 million years ago. Never more than 50 miles from the ocean, one can see much from shore including humpback whales and the largest animal in the world, the blue whale, while below the surface are slowly recovering populations of salmon and cod. Join us as we explore the nature of this ancient land.|
Location-themed buffet dinner and lecture or lecture only. Pre-registration required for dinner by 6pm Tuesday, March 24. Online registration available.
Instructions and Directions:
Location-themed buffet dinner and lecture: Dinner at 6:30 pm, Lecture at 7:30 pm.
Please let us know at the time of registration if there are any dietary restrictions.
Posted by Ed Hughes at 9:14 PM