Just read an article by Inman News' own, Steve Bergsman, and I must say, Give me a break!
Mr. Bergsman, you may have written books on real estate investments, but how can you say: "the concept of homeownership as a necessity of modern life has been broken, bagged, and tossed in the trash" when, in fact, there are buyers with desire to purchase "the American Dream" but are stagnant with fear because of 'freelance writers' such as yourself.
American real estate will ALWAYS be desirable! If Americans are, on average, not risk takers when it comes to buying real estate in times like today, is it really their fault? Society not only trained the average American to be consumer of goods and products, but it also failed to stress the importance of a stable foundation. This is how America can help! Stress the importance of family, and not careless, irresponsible, wild and free civilians!
America put a value on the importance of being smart enough to work for someone else; How to keep the rich, rich. And in the interim, it fails to teach Americans how to be mature, responsible adults with a good foundation!
If I were president - and believe you me, I am not in anyway entertaining the thought - I would change our school cirriculum, and the manner in which our kids learn, starting from the PreSchool level.
As President, I would stress that our nation's school system teach our children to think Entrepreneurial. That it teach homeownership, and the benefits thereof. And how having a stable home builds a stable child.
This is where it all begins! If the adopted, less fortunate, poverty stricken child could be helped by having a good foundation of proper thinking, they would be thinking correctly from the gate!
I bet Mr. Bergsman is encouraging his investor readers to take advantage of the depressed market prices, and incredible low interest rates. I bet Mr. Bergsman is an advocate of the Fannie Mae decision to expand the number of properties investors could buy with a government product from 4 to 10 properties. I would even bet, Mr. Bergsman has written a few articles to the general public that it is better to rent than to own.
I wouldn't be surprised if his blogs, or other marketing mediums has ads of 'luxury apartment homes for rent' on them.
Consumers do not have the same mindset as Investors. Whereby an Investor would look at this market as an opportune time to purchase, the average American worker is worried about going to a job the very next day, especially after reading blogs like Mr. Bergsman's that project more reasons to worry.
If the media, Wall Street reporters, and the like would only realize it does no one any good to promulgate negative news to the general public, but report solutions to the apparent, our country would probably be in better shape.
Purchasing real estate has been the foundation of our country and individual wealth since the beginning.
If you are able to buy real property now because of good credit history, debt to income level, and ability to pay, why would you not? Real estate will never go down to zero, and that's a fact! And whether you rent or buy, do you not have to keep a roof over your head, regardless?
If you live in an apartment, why would you think renting is more secure than buying? When in fact, the landlord will dispose of your belongings if you are behind with payment of only few weeks. Whereas, a bank will more than likely work with you for the simple fact, they are not in the business of owning property!
Ultimately, the choice is yours, the consumer! Confidence begins with education. And Faith goes a long way!
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All opinions are solely those of mine, Raine Spivey! Have a question about Charlotte real estate market? Email or Call (704) 380-0178. I have a passion for real estate, and love sharing information!
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