Brentwood Homes For Sale – Why $6.00 a Gallon Gas means it is time to Buy a House!
Looking for Brentwood Homes For Sale – Do you understand why the spike in Gas Prices means this is the time to Buy a House? This will not be a cute little post that is easy to follow, but I am going to speak some truth that could be worth Hundreds of Thousands of Dollars to you! (Maybe more.)
Gas prices are sky rocketing. Some think it will hit $6.00 a Gallon. This will have a devastating effect on the economy. Why are they rising? The US is now an exporter of Gasoline (refined oil – not oil itself).
At this point everyone is probably thinking about the sleazy bastards in the oil industry and different ways to stick it to them. I won't go into why they are probably no more sleazy than anyone else and they may actually be good guys; and most the plans to stick it to them would actually stick it to us. Let's face it, if we try to limit exports or tax them too much they will move their production and capital over seas – making our problem worse and costing jobs.
One of the major things driving the cost of Gasoline is the weak monetary policies and weak US Dollar. I am talking about budget deficits and borrowing. As more and more dollars flood the world market the dollar is worth less. Can we all understand that? So other countries with other currencies can trade their money for more dollars and pay more for Gasoline. Energy is a Global Market. We have to compete against other currencies for Gasoline.
Now when Buying a Home you are not in a Global Market – at least not to the extent you are when buying gasoline. In Fact when Buying a Home in Brentwood or anywhere what we will tell you is all markets are local! Local issues and condition have a huge impact on prices. However, housing cost are impacted by national lending trends and the over all national economy.
What I am saying is expensive Gasoline is the first shock wave of hyper inflation. Everything will shoot up in price – just like Gasoline. There will be no holding the interest rates down for much longer. Gasoline is a Global Market and we are seeing it hit there first, we are somewhat insulated in the housing market. (I should point out that to a large extent even the housing market is global. Foreigners are buying up a lot housing in the US.)
Now is the time to Buy a Brentwood Home and lock yourself into a long term low housing payment. In fact Buying a Home is one of the best things you can do with your money. I would suggest buying as much property as you can. Paying cash is good, but if you can leverage the property even better. I do not like credit cards and other consumer loans; but long term locked housing loans can be like Gold.
My wife had some friends that bought a home in the mid 1950's. It was a 30 year fixed rate loan and when they took it out they did not know how they could make the payment of about $50.00 per month. After inflation and the economic torumoil of the 60 & 70' the house payment was the easiest payment for them to make. People that bought houses later had the problems.
Buying a Home makes sense. Lock in now while the home is affordable and over time it will even look like a better bargain than it is now. Lock in low payments now and it will help you weather the tough times a head.
Brentwood Homes for Sale are some of the nicest around in an excellent community. So you if you are considering Buying a Home let us help you get the hedge against inflation.
Give me a call at 925-260-4321.
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