Where to invest right now - Your Hawaii Home

It's time for people to get back to sane and safe real estate investing - we should buy our homes and pay them off instead of moving every few years and refinancing to take cash out.

If you had bought an index fund or almost any mutual fund 10 years ago, you would probably be down or about even today. And what would you have? Nothing to show for it really except the money you put in.

On the other hand, if you had put the same money into a home 10 years ago, or even 5 years ago, (and you don't sell) you would have your home, some equity built up from paying down your mortgage, some tax write offs from your interest, and some gain in your property value if you live in the right areas of Hawaii.

But let's say your home value went down. You still have paid down your mortgage a bit, and you still have the tax write offs, and you still have your home. The only people suffering from falling prices are those who sell their home or have some crazy loan that requires them to refinance or get killed by the new higher adjustable rate.

If you got a regular fixed loan, and you don't have to move, you've done better in Oahu real estate than in this crazy stock market. And there aren't days when your home's value goes down 10% like the market did yesterday.

Stock brokers always told me that if I stay in the market my value would go up. That's because they're looking at a period of America when the market went crazy for about 30 years. Before that and since about 1999, the market has been awful.

If you have money to invest right now - why not pay down your mortgage? Or improve your home? Most people are afraid of the stock market right now, but Oahu stands almost completely alone in the country as a real estate market that is quite stable.

Buy a home, stay in it for a long time, pay it off. In the end you have - A HOUSE FREE AND CLEAR!