Blumenkehl Agrees with Survey – Homeownership is still the American Dream

Jan. 23, 2011 - PRLog -- Charles Blumenkehl, CEO of Blumenkehl Properties and managing partner for Blue Asset Management LLC, agrees with the results of the recently released National Association of Realtors “American Attitudes About Homeownership” survey.

According to the survey, which questioned 3793 adults representing a cross section of homeowners and tenants , the overwhelming majority of those interviewed agreed that owning a home is a smart decision over the long term, even in the current economic environment. Over 95% of current homeowners and 72% of renters believed that over the course of several years, it makes more sense to own a home than rent. In addition, over 93% of current homeowners questioned would buy a home again if faced with the decision.

“The benefits of homeownership are deep rooted in our society. Owning a home benefits the families, communities and our economy as a whole.” said Blumenkehl. “It provides stability and economic opportunities that are unparalleled by any other economic investment the average family will make in its lifetime”. Blumenkehl pointed out the importance of homeownership in the long term stability of families and communities, saying that many families will ultimately rely on their home investment to fund education, retirement and a litany of other circumstance that they will face in the course of their lifetime.

“I remember hearing the late Malcolm Forbes, in one of the last interviews before his death in 1990 at the height of the real estate crash of the late 1980’s. He was asked what he thought of real estate as an investment given the difficult period the real estate industry was in. His response was that in the short term, anything can happen, but in the long term, real estate was still the best investment a person could make.” Blumenkehl added, “I agreed with him then, and I still agree. God stopped making dirt a long time ago, but hasn’t stopped making people. In the long run, real estate values will only increase, and homeowners will benefit.”

Charles Blumenkehl is CEO of Blumenkehl Properties, who manage a portfolio of rental properties throughout Northern New Jersey, and is managing partner of Blue Asset Management, a buyer and seller of performing and non-performing mortgages and distressed real estate. For more information about Charles Blumenkehl and his companies, log onto the company website at www.blueassetmanagementllc.com

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Buyer and seller of performing and non-performing mortgages, distressed and investment real estate in New Jersey