Home Values Plummet, How Can You Be Safe?
Many Americans are frustrated because along with their investment portfolios dropping in the last year, their home values have dropped. There is no reason why you should have let this happen. We have been advocating removing equity in your home when it increases and place it in a liquid side fund. Then when your home value drops, you do not lose. Doug Andrew extends this concept further from his recent newsletter.
How has your home value held up during this economic crisis? If you’re like many Americans, it probably hasn’t held up so much as gone down. The title of a recent CNN Money.com article delivers the bad news, “Home Values Plummet $500 Billion.” The article goes on to explain that 2009’s $500 billion losses is in addition to 2008’s tremendous drop in home values, which was $3.6 trillion nationwide.
Some may think this type of downturn in home values would automatically spell doom for any type of equity management. But not necessarily so. People who used Successful Equity Management strategies and invested their equity dollars (even if they were shrinking) in maximum-funded, tax-advantaged insurance contracts were able to preserve that equity in savings vehicles that did not lose during this economic crisis.
Why? Because the equity was separated from their homes, safe from the downturn in the market. It was positioned in insurance contracts that guarantee no loss – and some contracts even experienced returns.
Learn now how to protect yourself – and your equity – so you never have to lose again. Contact us.
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