Thursday, October 30, 2008
Instead of pouring your money into Wall Street try to put it in a vacation home. It is remarkably good investment right now. Buy a vacation home in areas like Cape Coral, Daytona, Destin, Fort Lauderdale, Indian rocks Beach, Kissimmee, Madeira beach, Orlando, Panama City beach, Sanibel Island, West Palm Beach, or Windsor hills. Home prices are down right now across the board. That means you can pick up a beach condo or a mountain cabin at a decent price. Due to lower interest rates its time to buy. In certain areas like Arizona and Florida, the pending home sale index has jumped to 18.4 percent in August. It's now 37.8 percent above what it was a year ago. Home prices are going to increase 2 to 3 percent by next year. Vacation home rental market is strong in a weak economy because it's easy for consumers to find information on vacation homes. Vacation homes are less expensive when compared to hotel rooms. The weak dollar makes U.S. tourist destinations attractive to European travelers, whose currency is still strong. When airfare gets expensive, people start taking road trips. Even in a bad economy people need to take vacations. An inexpensive stay in a nearby vacation home is the perfect choice.
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