Homeownership – “Never Pay Another Man’s Mortgage”

By
Real Estate Agent with www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 228209
https://activerain.com/droplet/5jRD

Homeownership – “Never Pay Another Man’s Mortgage”

There is nothing like homeownershipPlease disregard the lack of political correctness but, this statementwas made during a time that we women weren't quite so sensitive! Seriously, made by Warren Buffet in an interview that I heard back in the 80′s, this comment had a lasting impact on me.  If I think about it, back then, I didn’t really even think about the fact that he had said ‘man’ and not ‘man or woman!’ All that said, I took what he said to heart and refused to ever be a tenant. While I realize that everyone cannot afford to be a homeowner, that sometimes relocation is temporary and a home purchase would not make sense.

 

However, I made a commitment to never be a tenant and I have stuck to that commitment! Living in Charlotte for 4 decades, I have always had a thing for homes – I love touring them, I love buying them – I also love building them. Yes, it's a passion for me! I typically don’t stay in one home for longer than 5-6 years and boy, do I have fun shopping for a new one.

 

My becoming a Realtor® was a dream come true for my hubby – I can get my ‘house shopping’ on with other buyers! Since I became a Realtor®, my ‘average’ tenure in a home has risen! Showing homes to others has also helped me determine what the homes that I have built MUST have in it! I enjoy building equity in the homes that I purchase and watching every improvement that I make to my home, turn into dollars down the road. I guess you could say that I have realized The American Dream numerous times over and am passionate about paying my own mortgage – not someone else’s.

 

Building Wealth by Homeownership

FREEDOM – The little things

One of the things that I have enjoyed since my first home is working in the yard. I can’t imagine living somewhere that feels ‘temporary’ as a rental would feel to me and not being able to enjoy the fruits of my gardening labor. Creating a well-designed landscape plan and seeing it come to fruition over the years during homeownership, is so rewarding. I love having the freedom to create as elaborate or as simple a landscape – another benefit of homeownership.

 

Freedom - Homeownership

FREEDOM = RETIREMENT

It seems that the minute we graduate from college, we begin planning our retirement…well, at least we should! Some of us get a later start than others setting those plans in motion, some have no plan at all and others retire early, having had stuck to their plans from the very beginning. I’ve thoroughly enjoyed reading the entries this month and see that when it comes to what homeownership means to us, this is the most common thread for us all. For me, a savvy investor diversifies – stocks, bonds, IRAs, etc. I feel strongly, however, that investing in the roof over our heads is critical to building wealth. As a Realtor®, I am so very fortunate to have the a deeper knowledge of our business – investing in real estate for me (and my colleagues) is second nature and I will forever be grateful for the ability to be a homeowner…and one day, a retiree!

 

retirement 2019

  

FAMILY


Freedom to PaintBesides the commitment to always only pay my own mortgages, I have to say that starting my family and raising my boys in our own home was so important to me. Both of my boys were huge sports fans so they each thoroughly enjoyed helping decorate their rooms with paint, posters, memorabilia and more – in their team’s colors.

 

My oldest was a huge Charlotte Hornet’s fan – his walls were teal and purple…with black trim! Oh, can you hear what the landlord would have said about that one?! To this day, he still remembers that room – it brings back fond memories that make us all smile.

 

Of course, there’s so much more to celebrating family when it comes to homeownership than painting rooms! I think of the memories that we created – the boys learning how to ride their bikes on our driveway, the Gorilla basketball goal that we set in concrete on our driveway, the firepit in the backyard where we roasted S’mores and talked past the boys’ bedtimes…the list goes on and on.

 

IN A NUTSHELL

These are but a few of the reasons that I celebrate homeownership. I am so thankful to Warren Buffet for his words that resonated so loudly with me that I have followed them my entire adult life – not just for the home in which I reside but, investment property that is part of our retirement plan. Next up – a tiny house at the lake!

 

Retirement Dreams 2019


© Debe Maxwell | The Maxwell House Group | RE/MAX Executive | CharlotteBroker@icloud.com | Homeownership – Never Pay Another Man’s Mortgage

 Originally posted at http://athomescharlotte.com/realestate/home-buyers-guide/homeownership-never-pay-another-mans-mortgage/

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Ambassador
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
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Debe Maxwell, CRS 

This is my favorite entry in this month's contest. Never pay another's mortgage! Grand advice from Mr. Buffet

Jun 29, 2019 10:28 PM #1
Rainmaker
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James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Debe.

Retirement? what is that??  I tried it once for about 30 days, unless it is for medical reasons, I don't see myself retiring again

Jun 30, 2019 02:52 AM #2
Rainmaker
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Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Debe Maxwell, CRS your "hubby" has been blessed to have a strong minded wife.... you know what you want, and you get it.... you have to love everything Warren Buffett has to say....  

my favorite Buffett quote is "when the tide goes out, those who are swimming naked are fully exposed"..... that surely describes the path for the pseudo wealthy....

Jun 30, 2019 04:03 AM #3
Rainmaker
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Debe Maxwell, CRS - yes, as you commented on my blog we do have much in common.  Enjoying our home and building equity is a dual goal.  When retirement comes you house is also a big part of your investment security.

Jun 30, 2019 05:35 AM #4
Rainmaker
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Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Hi Debe,
I've used those Warren Buffett words more than once in talking with prospects. So simple, yet quite profound. I'm happy to say I only paid my landlords mortgage for about 1 year.  I love your idea of a tiny house at the lake. 

Jun 30, 2019 05:57 AM #5
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Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Debe - the words may be a bit different today but the message is still an important one.

Jun 30, 2019 08:31 AM #6
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Oh, you're so sweet, Margaret Rome, Baltimore Maryland! I am always attentive when he speaks. 

Jun 30, 2019 08:55 AM #7
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Home ownership continues to be the easiest way to build family wealth.

Jun 30, 2019 08:59 AM #8
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Well, thank you, Barbara Todaro - he's such a good man to stand by my passion - through thick & thin. I'm truly the one that is blessed.

And, I do love that Buffet quote too, Barbara - SO true. I call them 'wannabes' and actually find them quite entertaining! LOL

Jun 30, 2019 09:00 AM #9
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

What is funny is that we KNOW we're making a decision about our financial future yet, get so carried away by the emotions and the memories that we find ourselves creating. We often view the financial benefits in the end, a gift that we can't believe we gave ourselves. I love that!

Happy Sunday, Grant Schneider

Jun 30, 2019 09:03 AM #10
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

You are so right, Carol Williams - such simple words that have such a powerful meaning and give us such freedom in this life. Just look at your freedom - so remarkable and truly an enviable lifestyle. Enjoy your Sunday!

Jun 30, 2019 09:07 AM #11
Ambassador
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Hi Michael Jacobs! Funny but, a local magazine did an interview with me on Friday - I made the comment that, as proud of my rights as a woman I am, my influencers were all male when it comes to business - my grandfather, my dad, my husband, my basketball coaches and both of my business coaches were men.

To me, it matters not what gender you are - making a difference in others' lives is a legacy that we all hope to leave behind. 

Jun 30, 2019 09:16 AM #12
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

I totally agree, Roy Kelley - I so enjoy working with millennials, sharing that knowledge with them - get them started EARLY!

Jun 30, 2019 09:17 AM #13
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