U.S. Treasury Secretary Timothy Geithner says the recession is mostly over, and the economy is on the way up. The stock market is at its high for the year, manufactur-ing is slowly ris-ing, and experts say the entire world is slowly but surely recov-ering from the recession.
But for indi-viduals, the di-lemma remains, is this the right time to buy a house, start a family, and build a life? Will there ever be a per-fect time? Is the clock ticking as you decide whether to have a baby, get a dog, or buy a house?
Advisors writing in INC. say that while you are building (or rebuilding) your nest egg, waiting for a promo-tion at work or building a small busi-ness, you are also composing a life. John Lennon had a point when he said "life is what happens while you are busy making other plans." It's up to you to decide when and how you are going to build your life.
If you put off having kids too long, you may not get as many as you want or any at all. If you put off home dinners and patio parties with you spouse, you won't be building won-derful memories. And if you put off exercise, and your health could be at risk. It's easier with your own equip-ment in your own home.
Those who already have children have to decide whether having an affordable home where they can grow up is a worthy goal. Most families think it is. With to-day's low inter-est rates and bargain prices on real estate, their invest-ment dollars go much farther than before.
While they are busy with other things, over time, their net worth will grow as the value of the home increases and their home equity grows
Those who own a business are often so busy planning their days that they have little opportunity to con-sider their personal lives or check the real estate market. Sometimes, how-ever, the time has come to make per-sonal decisions.
When it comes to owning or up-grading a home, shouldn't you ask yourself, "If not now, when?"
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