Ten Reasons To Buy A Home
I remember looking at the front cover of the September 6 issue of Time Magazine a few weeks ago. "Rethinking Homeownership: Why Owning A Home May No Longer Make Economic Sense" was the feature. I shook my head at the doom-and-gloom "reporting" and sensationalism.
Fortunately, the Wall Street Journal had a short-but-interesting piece today called Ten Reasons To Buy A Home, by Brett Arends. Besides poking fun at the Time piece I disliked so much, it pointed out 10 really good reasons that -- surprise -- it may be a good time for many people to buy.
But I thought his last point was the most significant: sooner or later, the market wll clear. That seems to be a fact that many analysts fail to bring up.
Regardless of the type of market, people need to live somewhere, they need a professional to help them buy/sell, they need a pro to inspect the house, they need pros to work on the house... while the current economic situation may be challenging for a lot of people (myself included), even more challenging is blocking out the doomsday prophets uttering their "the world is coming to an end" speech because things are more difficult now than they were five years ago.
You want cruddy economy: just go back to the the 1930s. And beyond economic problems, think of the comforts we enjoy now, versus what people had to endure just 80 years ago. Air conditioning was sitting under a tree or swimming in the pond. Heat was provided by what you could chop up. And many places still used outhouses.
Like the Bible (and that great song by The Byrds) says: "To every thing there is a season, and a time to every purpose under the heaven." So I choose to focus on how I can help people, and not on things beyond my control.
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