The Best Time to Plant a Tree
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Thirty years ago we bought a house. We had saved and scrimped and were able to put 20% down on a $40,000 house. It was our dream house, in that the house we would raise our 3 girls and a boy. It was in the neighborhood where I grew up and it was the house I always dreamed I might someday own.
The house was 100 years old then and 2400 square feet with solid oak floors (perfectly level throughout), two fire places, a summer porch, a winter porch and it sat on a treed corner lot of a street with a center parkway. We loved it there. |
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Then I was transfered, packed up my family, sold
brand new house. My kids graduated high school so we sold that house to move into our 3 bedroom  This photo and the one above represent a 25 year span and my daughters in front of that old house |
our house, moved to Tennessee and bought a and and college in Tennessee, then moved out, condo.
Why am i telling this story? It is ancient history to any first time buyers. Well here is the money part of the story. The house we paid $40,000 for in 1979 sold for $105,000 in 1994. The new house we bought in 1994 at $144,400 sold for $225,000 in 2003. Was it a better time to buy a house 20 or 30 years ago? You bet it was. The lesson here is now is definitely better than it will be 20 years from now. The first house is the hardest to buy. After that you fold your equity into the next homes. It is like the old proverb about planting a tree... The best time to plant a tree is twenty years ago, the next best time is today. |
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