MarketWATCH Northridge

Would you take investment advice from a billionaire? According to Forbes magazine, John Paulson is, "A multibillionaire hedge fund operator and the investment genius."

He is suggesting that if you can, you should buy a home.

He broke down the math of home-ownership as an investment:

1. "Today financing costs are extraordinarily low." The latest numbers from Freddie Mac show us that you can still get a 30-year mortgage at historically low rates of under 4%.

2. "And if you put down, let's say, 10 percent and the house is up 5 percent," as many experts predict, "then you would be up 50 percent on your investment." How many are seeing a 50% return on a cash investment right now?

Paulson goes on to compare the long term financial benefits of owning versus renting: 3. "And you've locked in the cost over the next 30 years. And today the cost of owning is somewhat less than the cost of renting. And if you rent, the rent goes up every year. But if you buy a 30-year mortgage, the cost is fixed."

I know you've been looking... it's why you're on my email list. :) So, are you ready to make the leap? The first step is to find out just home much home you can afford. Quite often, a mortgage will actually cost you less than what you're paying in rent today. Want to find out where you stand? Click here to ask for our free (NO OBLIGATION) home loan report.

After you do that, come back, and let's look at the new homes that have hit the market.

There were 14 new listings this week in Northridge. They range in price from $399,950 -$2,400,000; size 1390sf - 5640sf; age from 1951 - 2016.

Here are our featured listings this week...

19118 Ballinger ST, Northridge, CA 91324 MLS # SR16106355 - $949,950 Located in the prestigious Chateau Highlands community at the end of a cul-de-sac the concrete circular driveway leads up to this 3,248 square foot home on an 11,581 square foot lot. Long time owners lovingly maintained this property for over 40 years. It now anxiously awaits a new owner to make it their own. A spacious entry opens up to the living room with a custom fireplace framed in contrasting marble. The formal dining room just off the living room leads into the light and bright kitchen with loads of storage space and a view of the backyard. A large pantry, 3/4 bath, direct access to the backyard and a laundry room are just beyond the kitchen. The large step down family room offers up a built-in wet bar, an impressive fireplace and direct access to the 3 car garage. Upstairs you'll find the master suite and 3 additional bedrooms. The generously sized master bedroom has a walk-in closet and master bath with sunken shower/tub. A full sized bath is accessed by the other bedrooms. Outside, the very large covered patio is accented by decorative columns with a bubbling spa conveniently located just a step away. A sparkling pool completes the picture.

Check out all the new listings this week in Northridge – HERE

I look forward to chatting with you soon,

Anne-Marie Stone Pinnacle Estate Properties Cal BRE# 00923192

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