“A house is entirely rigged in the homeowner’s favor.”
– Peter Lynch, One up on Wall Street
Peter Lynch’s 1989 book has 2? pages in which he recommends that his readers buy a house. I feel as if I could reprint those pages today and they would still apply. Investment ideas truly do come back in season if you wait around long enough.
To get a street-level view of the U.S. housing market, I caught up with Aaron Edelheit. He runs the American Home Real Estate Co., which focuses on buying and renting homes in the southeastern U.S. It started in 2009.
I think you’ll enjoy what he told me, and I think it’s important you hear it. No one is telling this story. Instead, it seems, people would rather sulk about the low-growth U.S. economy and cling to stale investment attitudes brought on by the housing bust. Or worse, moan about what the government should do.
Meanwhile, the greatest housing opportunity in a few generations patters in on little cat feet.
“This is the best time ever to buy a home,” Edelheit said. “We’ll never see this kind of environment ever again. I hesitate to say never, but…”
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