A Great Gift Idea for Luxury Clients' Children

I was recently on a call with my good friend Donna Lee Laue of UniqueGlobalEstates.com. Donna works exclusively with the luxury market. There is still quite a bit of money sitting on the sidelines. What she has been seeing as a trend, however, is that a number of luxury clients are opting to pay all cash to buy starter homes for their adult children. 

While this may not be an option for every luxury client, many of them believe that now is a good time to invest in real estate. In fact, the research shows that fortunes are made not in the boom markets, but during recessions. 

Part of the reason many smart luxury clients are purchasing now  is that smart investors are contrarians. They will buy in recessionary markets and sell in boom markets. 

Buying a house now is simply a smart idea. Prices in many areas are so depressed that luxury cars are more expensive than many houses. 

Due to the high amount of U.S. debt, our government has already started printing money. The result in the long term is usually inflation. Consequently, purchasing a home for your kids is not only a great gift for them, it's a smart business decision as well. 

To take advantage of this trend, consider sending out a high quality letter or brochure that outlines the advantages of purchasing now as a hedge against inflation as well as providing the gift of a lifetime for their children. 

Posted by Bernice Ross--If you like this blog, check out our Listen and Learn Real Estate Program. It has over 225 audio posts, each 5-60 minutes in length. This is the best compilation of short training modules available and it's only $97.00. Don't you deserve the gift of more business in 2011--if so, this is a great way to hit that very important goal--Happy holidays!

 

 

 

Comments

[Chris]

My in-laws just purchased a "retirement property" for my wife and I to live in until they retire. We told them it was a very smart move to purchase now.

[ArroyoLover]

This post is timely and true and applies to commercial properties, too. My current commercial listing along the Los Angeles River just sold all cash to a luxury client who bought it for their young adult son to help him establish his career in a live/work artist's loft.