Tuesday, September 16, 2008

Now is the Best time for Investment

With all the Financial failures and bank problems now is the best time to do the Storage Room Plan, contrary to what many think.

There are 2 types of people affected in the large Wall St. Crisis.
a) those who can't afford anything because of related slow down in the economy and need to watch every penny
b) those who don't have any place to put their money because interest rates and stocks are falling

The Storage Rooms Plan helps not only save thousands for people who are having economic problems avoid the assessments, but those shareholders who do have the money will have the ability to make the investment.

Relative to almost any other place to put your money what better than your own co-op. When you consider that most of the price will be in lieu of the assessment it is better than any other investment one could make. When you consider that your 3 Hanover Sq. Shares are rising in value and almost everything else is falling what more could you want?

For example: I will have to pay around $12,000 in assessments and maintenance in the next 2 years if the plan doesn't pass. I get no interest payment, no asset on only a marginal return on the improvements to the building.

If the plan passess I still get the improvements to the building.

a) If I don't decide to buy I can put it in a mutual fund and earn interest of say 3%?
b) If I decide to buy one then I will have the asset that will most likely rise in value which is the optimal scenario for my money hopefully rising 10% a year.

This economy and the problems on Wall Street is the best time to do the Storage Room Plan - The complete opposite of what others think.