So I ask you "Are you throwing away your children's and grand children's college funds by paying rent instead of buying a house? I will let you think about that for about five minutes.
You can't afford to miss out on this Golden opportunity that this current Real Estate Market is offering consumers to purchase houses. Studies have shown that investing in a home is the best sound investment that you will ever make. Now notice I said investing instead of buying. Buying a home is an investment. I am trying to get you to see that this investment will yield a great return on your $$$dollar$$$$ spent in maybe 5-7 years from now. Since everybody is looking for ways to get rich and increase their wealth,why not increase your wealth by investing in Real Estate. Many people tend to ignore the fact that buying a home as an investment. If you are reading this blog and have kids,I was thinking about you while writing this blog-SERIOUSLY. I was. How did you think I came up with the title of this blog?
According to Savings for College,projected 4 year Tuition of fees for a private college is $119,400. In 18 years it is going to be $340,800-WOW. Now you are probably saying "My baby is going to get a Scholarship because he or she is smart. I take it they are one of the ones who doesn't wear their pants half pass off their behind-THAT'S GOOD. Happy to hear that your child is not going to end up on "America Most Wanted". But what happens if your child doesn't end up in a good school? What if he or she doesn't get that Scholarship to go to their favorite university or college of their choice? Who is going to have to pay for that $119,400 tuition or in 18 years $340,800 tuition? Something to think about isn't. Well no need to think. I'll help you out with that thinking. Who's going to pay that $340,800 tuition?-YELP! You Mom and Dad.
Oh by the way I forgot-SILLY ME. You have to pay for Books,Food,Supplies,Room and Board and the collect calls that you are going to accept from your children requesting more money from you because the money that you gave them to last them a whole year was gone before the first month. What happened? You didn't forget that your children has a ridulous appetite that rivals that chinese dude who eats like 112 hot dogs a minute did you? Plus they got lonely and its hard adjusting to college life on campus when none of their friends are there so they decided to order many different movies in different genres from DVD's at Netflix or Redbox. So let's just say $119,400-TUITION + 40,000 ($40,000 is an example. Could be more or it could be less) =$159,400-THAT'S A LOT OF MONEY. Or 18 years from now $340,800-TUITION +40,000(Again it could be more or it could be less)=$380,800 is going to be what you are going to be paying for your child's college education. That is a lot of your hard earned money that you are going to have to spend on your children so that he or she can get a good college education.
But what about that vacation to St.Tropez or Bahamas that you always wanted to take? Or that car you always wanted to buy? Medical expenses? Car Maintainance? The list goes on and on. But there is no need to worry right? There is no need to worry if you have the best sound investment that is better than your Roth IRA,401K,Stocks,Mutual funds and/or Bonds. That's right-investing in Real Estate. You have a home you have wealth. Let me reiterate that. You have a home you have wealth. Did you know that the average home owner's wealth is 41% more than average home renter? No surprise there. While you should definitely take great care of your children and grand children since you and your hubby made that intimate agreement on that special night,you also deserve to live the best life ever because you have suffered and gone through to much strife in life. Investing in Real Estate will help you with your children and grand children's education and can help alleviate the anxiety some suffer from post retirement due to lack of income and wealth.When you become a homeowner or own homes,chances are you can retire and be in good shape financially because of your wise investment choices.
So stop letting the media continue to play you any longer like a blind musician playing a bad note at a small run-down night bar with only one old lady in the audience missing more than half of her front rotten tooth scare you with their hyperbole hyping bull s*#@ is more like it. Media is good for that. Excuse my language family. (Ex: The Real Estate Market is sinking quicker than the Titantic Ship-SHUT UP). Telling consumers (who are ready,willing and able) that this is not a good time to buy a house is sooo far from the truth. If you are currently working and can afford to buy a house,then invest in real estate now. Get in while the Real Estate Market is hotter than the Arizona Sun. I don't want you to say in 2015,I should've brought a home back then because interest rates were historically low,some sellers were assisting home buyers with closing cost help and houses were more affordable since they were waaaay priced for sale under current market value. We can't re-live the past people. Yesterday was the past. I can't re-live yesterday. You can't re-live yesterday. But guess what? We can take control of our present and make best of it by making better smart decisions. So when 2015 arrives,you can say to yourself and tell your children and/or grand children,I am soo glad that I took advantage of the Real Estate Market when prices were low,the seller helped me with closing cost assistance and I was able to buy a house for a very good price.
About two and a half weeks ago,I went to a Lowe's in California MD.The lady asks me "What are you selling?" I told her that I am a Real Estate Agent and I gave her my real estate business card. Cut a long story short this lady had to be in her 50's. She along with her husband has been paying rent around $1,300 for eight years. That's $1,300 x 12=15,200 a year of rent. 15,200 x 8years=$121,600 THROWN AWAY-OUCH! That's painful. Very painful actually. She said that she can't afford to buy a house. Actually you can't afford not to buy a house right now. Now imagine if that $121,600 went to a mortgage instead? That $121,600 would've been worth more than what she will have when she moves out of that apartment=ZERO. NOTHING. I should've asked her if she has a college fund for her children and grand children. I'm sure she doesn't have a Real Estate Investment Portfolio. Many of us don't have a Real Estate Investment Portfolio. You can start building your investment portfolio with buying a house. Because God forbid when you die,what are you going to leave to your children? Worries or Wealth?
So I ask you again "Are you throwing away your children's and grand children's college funds by paying rent instead of buying a house?
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