This year has brought a definite change relative to first time home buyer motivations. Particularly here in Sacramento. Since mid summer, every single first time home buyer has expressed as their primary reason to buy, was to control their housing expense. While price was important, they are seeing the value in property prices knowing full well that prices may continue to adjust. Not so much about rates (they like the 4% or less range). But the plain old fashioned drive to lock in their housing expense … (52 comments)
first time buyers: EQUITY. For young buyer's, attainable if you work at it!
- 05/19/11 07:07 AM
EQUITY. For young buyer's, attainable if you work at it! Many years ago, I bought my first home at age 20. My grandfather offered me the same solid advice he provided his children. It worked for him and still stands the test of time. Starting with your very first payment, add a little extra. In his time it was only cents and dollars. He followed his own advice and paid off every single home early. He kept many of them and was able to enjoy a long life, free from worry. Simple formula really. You have a $100,000.00 loan (realistic price in … (4 comments)
HOUSE PAYMENTS LESS THAN RENT? Just might be the no-brainer idea of 2012.
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