NewsBreak Original

Welcome Home to the North Pasadena Heights Landmark DistrictDavid Clark. If you're focused on becoming a first time homeowner or expanding your portfolio the time to buy is now. Let me offer my argument before you lose the opportunity. Buying a home during a recession can lead to a great deal! To make it clear I am not comparing apples to oranges, meaning today's current market is not the same market as in 2008. The 2008 recession and housing market crash showed how closely the economy is tied to home prices. This recession on most levels was caused by a pandemic and not the subprime mortgage rates. Also, the 2020 recession isn’t correlated to the housing market. Although any recession will affect the housing market in some way, this time around it hasn’t caused it to collapse like with the massive defaults on subprime mortgages. So if you're sitting in your rental waiting for the Sunday edition of The L.A Times front page to read the headline, “Real Estate Crashes in Los Angeles” to finally jump into the market you may be disappointed. Often reality isn’t as fun as fantasy. Why not build the lifestyle that you want around the fundamental truth that you're either paying yourself or someone else, and I like to pay me!