Tuesday, January 27, 2009

Personal Responsibility

The sobering message that now President Barack Obama delivered last week asked us all to take more personal responsibility.

This message should hit home hardest in the real estate and financial sectors. Personal responsibility should mean that we live within our personal resources. With all that happened in 2008, we get to redefine how we look at our homes and finances in 2009 and beyond. We can choose to live on the edge or we can choose to be edgy and follow a different path. This path can most certainly be better than spending money on things that we don't really need.

The real challenge is to define our own standards in relation to our means. With personal responsibility comes personal freedom. Why get tied down to a house with high monthly expenses?

2009 will undoubtedly go down in history as a belt tightening year. Buying a home and making a change to a less costly house could be one of the best moves you make for your financial future. 2009 will be one of the best years to buy a home in history with low borrowing rates and dropping prices.

Tuesday, January 20, 2009

Get In on the Good Life!

Jensen communities provides the best quality of life in your own home.

There are very few places today that people can choose to live well within their means. Perhaps the McMansion craze is over due to this wonderful economy but the fallout will appearantly be felt for years to come. Home prices and square footage increased to the point where it became hard to truly downsize or rightsize to a home within one's means in retirement (or just when the nest is empty so one can better prepare for retirement).

A bigger, more expensive home with an unaffordable mortgage does not lead to financial freedom. A home paid for (or mostly paid for) with equity from one's present home or savings can provide more personal freedom and peace of mind.

My Grandfather liked to say "that a loan well made, was a loan half paid". He was obviously not a fan of "no money down" home purchases and we have stuck to his wisdom these many years later.

The troubled economy has created tremendous house buying opportunities. Define your own standard and sense of financial freedom. Get in on the Good Life!(TM) in a house within your means.