SolomonSuccess.com

10 Words of Wisdom on Real Estate

SS11-24-13King Solomon’s Proverbs make it clear that houses are a key to a prosperous life. “Wisdom hath built herself a house,” the king says in Provetbs 9:1. But the wise King isn’t the only one who understood that real estate endures – and has been a prudent investment throughout the ages. Here’s a sampling of wise words about the value of real estate from voices ranging from ancient sages to Shakespeare, the founding fathers and beyond.

“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.” – Franklin D. Roosevelt

“Land monopoly is not only monopoly, but it is by far the greatest of monopolies; it is a perpetual monopoly, and it is the mother of all other forms of monopoly.” – Winston Churchill

“Landlords grow rich in their sleep.” – John Stuart Mill

“The major fortunes in America have been made in land.” – John D. Rockefeller

“”He is not a full man that does not own a piece of land.” – Hebrew Proverb

“The best investment on Earth is earth.” – Louis Glickman, US business executive

“Buy on the fringe and wait. Buy land near a growing city! Buy real estate when other people want to sell. Hold what you buy!” – John Jacob Astor

“The small landholders are the most precious part of a state.” – Thomas Jefferson

“I would give a thousand furlongs of sea for an acre of barren ground.” – William Shakespeare

“It is a comfortable feeling to know that you stand on your own ground. Land is about the only thing that can’t fly away.” -Anthony Trollope

These very diverse voices share key ideas about investing in income property that still ring true today – ideas shared by Jason Hartman. Real estate offers security, stability and the possibility of continued passive income for the long term. The massive housing collapse of the not too distant past painted a graphic picture of the role of real estate as the backbone of a nation’s economy – and why the health of the housing market is still a key indicator of overall economic stability. Owning a piece of land may not, as the Hebrew sage opined, make one a full man – or woman. But it can, as these observations suggest, open doors to long-term prosperity.  (Top image:Flickr/AndresRueda)

Solomon Success is the complete solution for Christian investors. Read more from our archives:

Why Do Lenders Say Yes — Or No?

Caught in Snares, Bank of America Pays Up Again

The Solomon Success Team

solomon_logo_600_border4-150x1501

 

Related Posts

S&P 500 vs. Gold Price

SolomonSuccess.comOne of the important ratios to keep in mind when examining the equity markets is the gold price relative to the major stock market indexes. This provides a valuable insight into the extent to which market values reflect a real shift of sentiment toward equity value, versus the extent to which the value has lost value, driving increases in nominal valuations to simply retain purchasing power. Over the last 35 years, the relative price of Gold1 and the S&P 5002 has oscillated up and down very significantly. In the aftermath of 2008 and the financial crisis, this ratio has regressed toward a value of 1.0, which indicates equal valuation for the S&P 500 index and an ounce of gold. In the latter half of 2010, the S&P 500 vs. Gold ratio dropped below 1.0 as Gold prices were pushed up by speculators seeking to hedge against expected future inflation. Our analysis indicates that this trend is likely to continue through 2011 as monetary expansion inflates both asset classes.

Read More »

High Mortgage Balance Equals Better Insurance Protection

Previous generations of well-meaning parents and grandparents drilled into our heads that it’s better to pay with cash and, by all means, attack that mortgage balance with ferocity until you are equity rich and balance poor. Unfortunately, we live in a different economic reality these days, one where Jason Hartman’s idea of periodically refinancing your loan to keep your mortgage principal balance high makes sense for yet another reason.

Read More »
×

Loading chat...