08-16-2006, 07:08 PM
Unfortunatly in the U.S.A there will ALWAYS be folks who can not afford a home for many reasons, but overall the increase in property values has been more of a benefit than not.
Home ownership is at an all time high,the local economy is great.
Jobs were created like crazy to fuel this "speculation".
There are also many good programs for first time home buyers and to many folks think they don't qualify to own when they actually do.
I figure if they are not even going to do some simple research on it they probably are not ready to be homeowners.
I mean there really are tons of ways for people to own a home cheaply, more so on the BI than anywhere else I've ever lived.
I am not going to worry about how uneducated homeowners spend their equity, thats their business "a fool and his money are soon parted".If they want to blow it on material things to their own detriment what can you do? I just look for the benefit of more money in the economy.
I know if you use it wisely you can increase your wealth.
Like I said your increase in equity is an insurance if you ever need it I'd rather have that option than not.The small tax increase is worth the price of the security.(my tax increase was only 40.00 bucks in 4 years not an amount worth getting upset about).
So to whomever does not like their new found equity I'll just pray you'll never need it.
Edited by - punamom on 07/20/2007 01:52:37
Home ownership is at an all time high,the local economy is great.
Jobs were created like crazy to fuel this "speculation".
There are also many good programs for first time home buyers and to many folks think they don't qualify to own when they actually do.
I figure if they are not even going to do some simple research on it they probably are not ready to be homeowners.
I mean there really are tons of ways for people to own a home cheaply, more so on the BI than anywhere else I've ever lived.
I am not going to worry about how uneducated homeowners spend their equity, thats their business "a fool and his money are soon parted".If they want to blow it on material things to their own detriment what can you do? I just look for the benefit of more money in the economy.
I know if you use it wisely you can increase your wealth.
Like I said your increase in equity is an insurance if you ever need it I'd rather have that option than not.The small tax increase is worth the price of the security.(my tax increase was only 40.00 bucks in 4 years not an amount worth getting upset about).
So to whomever does not like their new found equity I'll just pray you'll never need it.
Edited by - punamom on 07/20/2007 01:52:37