2011 REALTOR SUMMIT
KEYNOTE SPEAKER
Dr. Frank Nothaft
Chief Economist for Freddie MAC
Dr. Nothaft will address national and local economic conditions and the real estate environment
DATE: February 7th 2011
The Doubletree Hotel
8:00 AM - 12 PM Breakfast will be served
RSVP: caroline.barbeau@cox.net
1/27/2011
1/25/2011
1/23/2011
Rent or Buy?
Is it time to buy or rent?
Timing is everything.
The choice should be a business decision not an emotional one. If the bank tells you your ratios are too high, take it as a blessing that this is not a sound selection at this time.
Pros:
Buying a house is a tax deduction (assuming you need a deduction).
Owning a house gives you the freedom to stay as long as you like and do what you want.
Cons:
If you are thinking employment promotion or moves upward- you will be stuck with location.
Often you can rent cheaper, but with a limited palette and expect increases.
Solutions:
Buy less than you think you can afford which allows breathing room.
Put as little down payment as you might and let the insurers’ bear the worry.
Shop very carefully for a deal.
Take your time. Do not fall in love with a house it is just a thing.
Enlist expert representation and investigate everything.
Everything in the universe falls apart- have a budget for those older items in the house.
Timing is everything.
The choice should be a business decision not an emotional one. If the bank tells you your ratios are too high, take it as a blessing that this is not a sound selection at this time.
Pros:
Buying a house is a tax deduction (assuming you need a deduction).
Owning a house gives you the freedom to stay as long as you like and do what you want.
Cons:
If you are thinking employment promotion or moves upward- you will be stuck with location.
Often you can rent cheaper, but with a limited palette and expect increases.
Solutions:
Buy less than you think you can afford which allows breathing room.
Put as little down payment as you might and let the insurers’ bear the worry.
Shop very carefully for a deal.
Take your time. Do not fall in love with a house it is just a thing.
Enlist expert representation and investigate everything.
Everything in the universe falls apart- have a budget for those older items in the house.
1/18/2011
If you save junk long enough, it is still junk
Son thought we could sell them to one of the online companies that advertise, “We buy used cell phones.” Well after making his list and entering the old pager, ancient Nokias and all this junk the total value was less than two dollars.
He packed them up because his middle school, Niguel Hills collects them and ships them to needy children. This is better than having them sit in a drawer waiting to be on the Antiques Roadshow.
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