All Smiles?

Core Logic reporting that home prices rose 0.5% last period, and are up 6.3% from a year ago. Real Estate prices continue to outpace inflation numbers by 300%.  Prospective clients need to understand that owning a home is a far better investment than this 2016 Porsche 911 Targa4S is. Don’t let the grin on that guy’s face tell you any differently.  On a related note, Auto Sales tapered off in December after being strong all year long.  Seriously though doesn’t that look like a nice road…

The Targa4S’ all wheel drive will get you home safely in the snow, and combined 21 MPG is more fuel efficient that what your “client” might currently be driving.  HOWEVER, that car will lose about $10,000 every year in value where the average home will gain that much in equity each year.  Let’s see who is smiling more after ten years of ownership.