A Rhetorical Reminder
Will you be ready financially for the next economic roll coaster ride again. When deciding how to invest your monies it is important do your research, make sure you ask plenty of questions; there’s a saying there is no such thing as a dumb question. In real estate there are risks to consider as well; you can say it’s almost like playing the stock markets. What do I mean by this? Currently most homes have declined in value like the Nasdaq, NYSE, 401k’s and other markets. Most investors who lost in the market were armatures and simply investing because some investor stated he or she made thousands. Well the same with the housing market ,some purchased homes without a plan and purchased simply because there were plenty of 100% financing and options arms and trying to keep up with the Jones’s. Some did not understand what they were getting into. This short editorial is not to condemn or to make one feel horrible, it’s intention is to educate. There are a lot of variables when it comes to purchasing real estate and only a true real estate and mortgage professional will know. Remember do not bite off to much you can chew. When considering to purchase a home take baby steps. If you are a first time home buyer start of small, get the feeling on what it takes to maintain a home. Get use to making a house note. Let that small affordable home gain equity, know when to sell and move closer to your ultimate goal. A great example is Warren Buffet, he buys in small, he knows when to sell and knows if it sounds to good to be true he leaves that stock alone.
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