buildyourwealth: Outlook for housing market uncertain
- 12/01/21 07:51 AM
By Philip A Raices - November 29, 2021 Are you still renting? If so ask yourself why. Is it because you want to be as flexible as possible and not beholden to a mortgage? Is it because you want to be able to move in a short period of time without having to sell anything? Have you invested the difference between your current rent and a mortgage and all the expenses inherent in ownership into another asset to increase your wealth or is it in cash (which is truly “trash” as per Ray Dalio founder/CEO hedge fund of Bridgewater Associates, decreasing your … (0 comments)
buildyourwealth: What will you do renovate or purchase and knockdown?
- 06/27/21 03:08 PM
Whether you renovate or go for a knockdown and building new will all depend on your personal needs and wants, the budget you have established and the time constraints built into a plan as well as how long you’ll plan to be living in that home. Renovating probably will be a much less costly path to pursue, but that will also depend on what you are trying to accomplish as costs can and will increase if you do not create a budget and a plan to guide and follow. The percentage of homeowners renovating went from 19 percent during the first quarter … (0 comments)
buildyourwealth: Has the Covid-19 pandemic caused you to think about a career change?
- 01/03/21 10:52 AM
All thing real estate: Has the Covid-19 pandemic caused you to think about a career change? By Philip A Raices - December 1, 20200 844 I have been having amazing calls and conversations with my readers over the last 8 months about their specific “needs and wants” in selling, investing, purchasing, renting, and leasing residential and commercial properties. However, somehow one of us diverged and segued into a totally different conversation and dialogue about what they do for a living and how the Covid-19 pandemic has either enhanced their income by saving them money and now not having to commute, wasting precious and … (3 comments)
buildyourwealth: Why aren't you looking to purchase in this historic time?
- 08/11/20 03:34 PM
If you’ve been a regular reader of my weekly column as well as other periodicals, you should be well aware by now of how low our housing inventory has been and probably will continue to decrease further (and the many reasons why) as long as the demand and historic low-interest rates continue on the path that they have taken. Even with the current pandemic and overwhelming spiking infection rates in 41 states, the strong desire of the smartest and financially capable purchasers is to continue looking. They have realized the opportunity at this special moment in time in searching out and … (0 comments)
buildyourwealth: DID YOU GET A RAISE? STILL RENTING? THEN CONSIDER PURCHASING!
- 12/25/18 08:11 AM
PHILIP RAICES HOME LANGUAGE FREE BUYING/SELLING GUIDES Wage Increases Make Home Buying More Affordable Thursday November 15th, 2018 First Time Home Buyers, For Buyers, Move-Up Buyers Everyone knows that housing affordability has been negatively impacted by rising prices and increasing mortgage rates, but there is another piece to the affordability equation – wages. How much a family earns obviously impacts how easy or difficult it is for them to afford to own a home. Because of an improving economy, wages are finally beginning to increase – and that dramatically affects home affordability. According to the National Association of Realtors’ (NAR) September 2018 Housing Affordability … (0 comments)
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By Philip A Raices - November 29, 2021 Are you still renting? If so ask yourself why. Is it because you want to be as flexible as possible and not beholden to a mortgage? Is it because you want to be able to move in a short period of time without having to sell anything? Have you invested the difference between your current rent and a mortgage and all the expenses inherent in ownership into another asset to increase your wealth or is it in cash (which is truly “trash” as per Ray Dalio founder/CEO hedge fund of Bridgewater Associates, decreasing your … (0 comments)
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