Two trillion dollars of that is held by retirees, the elderly who have paid off their homes. It has proved to be a wise investment and a successful endeavor by those that stuck it out. You see buying a home and paying it off works like a tonic to all that participate in it. It is when you are tempted to do other wise is where it gets dicey
BEWARE THE SERPENT
Already there are serpents about trying to come up with ways to tap in to the 2 trillion that is just sitting there. This is where you must be careful and learn from our current and past mistakes. Real Estate concepts in this country hold very well unless you interfere with them. Let the doves beware of the serpents out there
THE MARKET IS RESETTING
For a while there, I was a little concerned about how the younger generation would be able to afford a home with prices and financing being so high. Then, the collapse kicked in (shame on certain people), and hope was now restored enabling others to once again participate. It is time to consider to buy again
REAL ESTATE DUCKS ARE QUACKING
Now, certain ducks are lining up so that many can join and re-join the American dream of buying and then owning a home. Pricing is down, financing is attractive and historic, there is lots to choose from and FHA lending guidelines will welcome back anyone who has lost a home in the last 3 years.
THE UNTIED STATES OF AMERICA
The land of opportunity is one of America's nick names and rightfully so. There will always be a chance to get ahead, to dream and put legs on dreams and to do great things as long as a person has breath within them. You can knock Americans down, but not for long...