I Hate to Tell You That There Are No Leprechauns in Ireland

Reblogger Karen Steed
Real Estate Agent with Tallapoosa, Bremen, Waco, Buchanan, Temple, Carrollton Licensed in GA & AL

Elizabeth Weintraub has a great take on being underwater, starting over, and planning for the future.  Hope you enjoy it!

If you need assistance with buying or selling real estate in West GA or East AL, especially Tallapoosa, Buchanan, Bremen or Waco, GA call me.

Karen Steed 678-521-3585 (c) or 770-574-9221 (o)

 

Original content by Elizabeth Weintraub Sacramento Realtor Top 1% DRE #00697006

If you think underwater homes are prevalent in the United States, take a look at Ireland. In a country with a population equivalent to the number of people who live in Kentucky, almost half of Irish homes are underwater these days. I think one of the differences between Ireland and America is Irish people have a better grasp on how to live below their means. We do not. We feel entitled. The American economy is just one big drunken brawl after another.

But I do believe people in the states are becoming more sensible. I'm hearing more and more Sacramento home buyers say they do not want to take out the biggest mortgage they can qualify to get. They want a manageable mortgage payment. They want to plan for emergencies. It's music to my ears. Sock away some money for a rainy day? Who woulda thunk? Sounds like my mother talking.

I imagine years from now mothers will be telling their children the same thing. Instead of pointing to the Great Depression, they will point to the early part of the 21st Century. They will talk about the horrors of taking out a second mortgage, when it's done without thought to the risk. To think that you could lose your home because of a HELOC doesn't seem so funny and amusing to people who have lost their homes through a short sale or foreclosure today. Nor is getting in over your head or living above your means or believing hoopla that homes will always go up in value.

I wonder what they will name our financial woes 50 years from now? Double-Dip Recession. Fiscal and Housing Tragedy. Whatever it is, I'll be long gone.  I met with a financial planner yesterday to find out my end-of-year plan is 2045. That's sort of a cold, stark wake-up call. Who thinks about end of life? But I'll tell you one thing. At least our home will be paid off. We won't be living under a bridge. We're planning for retirement.

I leave you with less somber news. Here is a photo of my spring cactus garden in Land Park. Many flowers are in bloom. This is what a little care and water will do. The photo on the left is 2012. The photo on the right is 2008. The photo on the left is much like your life can be after a short sale. If you need a Sacramento short sale agent, call Elizabeth Weintraub at 916 233 6759.

Photos: Elizabeth Weintraub

cactus garden in land parkearly cactus garden in land park

sacramento short sale agentcerfified hafa specialist

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Certified HAFA Specialistelizabeth weintraub

 

equator certified platinum reo elizabeth weintraub

Elizabeth Weintraub reviews My Sacramento Real Estate Listings

Elizabeth Weintraub is an author, home buying columnist for The New York Times-owned About.com, a Land Park resident, and a Land Park real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento. Weintraub is also a Sacramento Short Sale agent who lists and successfully sells short sales throughout the four-county Sacramento area. Call Elizabeth Weintraub at 916.233.6759. Put 35 years of real estate experience to work for you. Broker-Associate at Lyon Real Estate. DRE License # 00697006.

The Short Sale Savior, by Elizabeth Weintraub, available at Amazon.com.

Lyon Real Estate is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan.

Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.

The views expressed herein are Weintraub's personal views and do not reflect the views of Lyon Real Estate.

Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice. It could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.

 

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Karen Steed

Associate Broker Haralson Realty
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