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PAGE 22, WEDNESDAY MARCH 26, 1980, WIHTBY FREE PRESS House is stili best hope for investment, shelter By Murray Rwnack, CA M. WOODWARD Real Estats Brooklin 655-4525 PORT PERRY- immaculate brick 3 bedrrom bungalow wth famiiy sized ktchen built-in dIshwasher, solarium f loor, large finished roc room wlth a brick fIreplace- has a heatalator Insert and bar. 4th bedroom and washroomn downstairs. Home has Up. graded broadloom, large lot wth an above ground pool. Brick barbeque, patio, paved drive, privacy fenced - handy to sohools and shop- ping. Asking $62,000.' BROOKLIN AREA - 1212 acres building lot ln area of ostate homes. About 213 of property treed. Has nice view of Lake Ontario plus possible pond site. Asking For further Information cal M. Woodward 655-4525 Stocks and bonds may be a good investment, but you can't build a tent out of them to keep the ramn off, or the snow out. Houses, on the other hand, serve the purposes of both invest- ment and shelter. But some people dlaim that the bouse they bought four years ago has not been the- good investment tbey HAVE YOU THOUGHT ABOUT A CAREER IN REAL ESTATE?, ...und done nothing about it Iarn available to help you decide CALL ME ANYTIME BLAIR BUCHANAN 668-8865 668-6313 30 OFFICES TO SERVE YOU BETTERI expected. One case involves the man who bought the family home four years ago for $80,000 -- 30,000 down, and a mortgage of $50,000. Judging by the price that similar homes in similar areas are fetching, he expects it would seil for $95,000 today. His real profit, he calcu. lates, wouid be only $10,000, since he would have to pay about $5,000 in agent's fees if he sold it. Not a very good investment he thinks. In calculating the worth of any investmnent, how- ever, the rule is that you must compare your profit to the amount of money actually invested. In bis case, the investment was $30,000 - the down pay- ment. If he has earned $10,000 on that investment in four years, he has flot done badiy at ail. The mortgage payments he has made in the interim probably amount to les ARE YOU CONSIDERING A REWARDING EXCITING CAREER IN REAL ESTATE?! -NORTH AMERICA'S NO. 1 REAL ESTATE COMPANY - CONSTANT T.V. ADVERTISING -TOP SALES TRAIN ING Çorti 668. r 683- member broker 824 Brock St. N., Whitby £ech office la lndependOfltiv owumed and op.imted. l'D LI KE TO TALK TO YOU. CALI BRUCE OPFERKUCH 688-6221 AFTER HOURS 868- -6221 ;-6221 than the refit he would have had to pay for sirnilar accommodation, 80 he is also probabiy ahead on that score. It is clear that the price of houses bas flot kept pace witb inflation in many areas of Ontario. The idea that one cannot afford a house berause of inflation is probably a misconcept ion if your incomne bas kept pace with inflation. The rule for those who hope to become home- owners is: pay attention to the real estate market, and keep records. It is a mistake to assume that just because the price of a pound of coffee, a steak or a gallon of gasoline has skyrocketed that everything else bas, too. The price of houses tends to respond to supply and demand. When people are scurrying to get them, the price goes up. When buy. ing slackens, the price stabilizes.# You wilI find that an older house in an attractive neighbourbood will cost far more than an equivalent bouse in a newly.developed area. Keep track of prices as y'ou save for a home. The pricing of homes in the spring, summer, fail and winter changes with the seasons. By watching newspaper ads, you can establish the right timne to buy, and the right neigh- bourbood where you can get the most for your money. Mr. Rumack is witb Murray Rumack Stern & fýWAq