Posted By: Chris Davenport @ 1:15pm In: Tulsa Homes
Well, what is an American dream…a palatial house, a car and a fat bank balance. But owning a dream home in the United States has come to a crashing reality in the last year due to the sub-prime mortgage bust. People had bought homes that were beyond their financial conformity, which led to home foreclosures in huge scale. The result was a crisis in the real estate market all across. But Tulsa in Oklahoma (OK) stands apart in this crisis. Here the American dream still rings true.
Tulsa is a hotbed for housing investment for new home buyers. The prices for homes for sale in Tulsa are far below the national average (approximately $165,000 compared with over $275,000 nationwide). Moreover, the prices here are not spiraling at the rate as they are elsewhere. They have gone up even less than 5% annually in Tulsa compared to 10% in other regions of North America. And most homes, Tulsa (OK) are consistently undervalued, as a result you get a better reward for your investment here than elsewhere. Moreover, the real estate crisis that grabbed the whole country, has taught the Tulsa realtors to take every step with a little awareness. They are making the most of the booming market that they have here.
Besides these advantages, Tulsa is also a seat of learning. It has two private universities: the University of Tulsa and Oral Roberts University. Incase you are not a student or don’t have a son to attend the university in near future, then too there are many perspectives associated with Tulsa's universities that can influence your purchasing a new home, Tulsa (OK).
If you buy spacious home in Tulsa and may need to travel to another part of the country for longer or shorter period, you can easily find tenants from the local student community to occupy it for sometime. You can hold on to your property from remote location safely and make a passive income out of it. You will not need to put your home for sale in Tulsa, incase you need to stay away from the place for sometime.
Secondly, if you get into a financial crunch, and need to generate a quick income, you can rent a part of the house to a student or a visiting faculty member. Owning a home here means that your home works for you to make your two ends meet. It will never sit vacant and leach your finance foe maintenance.
A university town like Tulsa will always have a steady economy. The presence of a vast crowd of students will create a constant demand of faculties and staff. Thus, a job crunch is never likely to happen. The surrounding businesses like restaurants, stores, and other companies will have a flourishing business as the large student community is their substantial client base. Moreover, universities tend to generate money from grants, private donations, and other sources that continue even in a recession.
In addition to this the universities make certain amenities available to general public. These range from recreational facilities to fine arts programs, archives, libraries, and venues for special events. As an owner of a home, Tulsa (OK), you can enjoy a host of them.
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