This post by an associate in my office hit "home" for me and I thought my readers might enjoy it too!

Via Janis Calkins (Ventura Property Shoppe):

During boom time in real estate, purchasing a home gets distorted by the word "profit" and how fast that profit can be accomplished. Thus comes along the term "flip" as well. Buy a home, fix it up and flip it. There were actually people making a living doing this. Was this really a good situation for any of us? Maybe the few that made a bit of fast cash would say so, but what occupation do they have now? And in the long run didn't this driving up the prices so quickly have an awful impact?

Let's think back to when the very first homes were constructed....now picture this...no more igloos, tents, homemade log cabins....but actually homes being built in multiples for people to purchase.  These homes were purchased for protection, security, ease of living and long term enjoyment. Security, warmth, comfort and amenities are really good reasons to purchase a home!

 Yes, now IS a good time to purchase a home, but for different reasons than that overnight profit syndrome.

  • Refocus on the consumption value of the home.
  • Purchase it to live in and enjoy.
  • Define your time line for utilizing and enjoying the home.
  • Analyze the current price level of the market combined with mortgage rates-does it look good? You bet!
  • Utilize the first time $8,000 homebuyers credit now.
  • Affordability is better now than in prior years. You need $20,000 less in income today to purchase a median priced home than two years ago. Also, you save $500/month on principal, interest and taxes.
  • "Don't wait to buy real estate, buy real estate and wait!

Ventura County is a place where the Livin' is Easy.....beautiful beaches, sunsets, views, weather, entertainment, food, cultural events etc....let's continue to make this a great beach community to live in. Put down roots and stay awhile.....

Currently for sale!

http://www.JanisCalkins.com

http://www.Venturahomesforsale.org

 

1 Comments on Where The Livin' is Easy!

APR
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135,376 Points 1 Featured Post

Hope (& Janis) - Great post!  As a long time resident of Ventura County, I also say come and buy here NOW!  Ventura County is a great place to live expecially if you plan to stay for awhile. 

12:47pm • #1

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Hope Goss Ventura Real Estate

Ventura, CA

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Ventura Property Shoppe

Address: 973 Main Street, Ventura, CA, 93001

Cell Phone: (805) 320-4673

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