Sunday, November 21, 2010

The New American Dream?

I just checked my Facebook account and read from a younger person "Ahh, Apartment living. Can't tell you how relaxed and happy I am I am not a homeowner anymore." Then there was a litany of comments about how her friends were agreeing with her.

On one hand I can see where she is coming from.  She perhaps had a bad experience being a homeowner. There are certainly pitfalls; taking out a mortgage you can't afford, being unable to sell the home when you are ready to move, not being aware of hidden problems and not having the money to fix them or just plain not having the time or inclination for home maintenance.  Homeownership is not for everyone.

However, let's take a look at owning a home. Right now is a good time to buy a home. The prices are reasonable, the chances for appreciation are good. The interest rates are at an all time low and I can promise you, will go up.  Owning a home helps you feel "rooted" in the community, being a part of something. You can do with your own home what you want to; paint, redecorate, make an empty room or garage a "mancave' or craft room.

I am happy to see everyone is thinking more about if they truly want to be a homeowner or not.  Maybe that will help people to be more realistic about their desires when it comes to buying a home. I am still of the old school that if you enter into a contract, you follow through.  You do not "hand the keys over" when you are tired of making the payments or the house needs too much work.

Like a lot of things in life, when you make a commitment, you follow through.

No comments: