Now is the Time to Sell Your Home!

If you have been thinking about selling some real estate, now may be the time to do it. "But isn't spring the best time?" Usually, but there are always buyers and sellers.

Inventory is at the lowest level it has been in years. That means less competition for you and more demand. Simple supply & demand. Lower supply and higher demand means better prices!

However, conditions are bound to change. Banks have been holding back foreclosures because the "robo signing" incident. Several large banks were sued by the Federal Government and had to suspend foreclosures. They have since settled and have began issuing NOD's (notice of defaults) again. One of my small areas has gone from a few NODs per month to over a dozen per week!

As these NODs turn into Short Sales and Bank Owned properties, inventory will again rise. Even more significant is that the ratio of distressed properties vs normal listings will rise as well. This will drive the prices down

As a side note, interest rates are about as low as mathematically possible. Eventually they will have to rise and when they do the real estate market will suffer.

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I am Thankful for Freedom!

I hope everyone had a good holiday. My parents visited from California and it was wonderful. I wanted to take a minute and share with you a few things I am grateful for.

Despite my feelings about the administration and the direction our country is headed, I am grateful for this wonderful country we live in. I am grateful for the freedom that we enjoy, that we can live, work and worship how and where we want. That we can travel as we please and strive for happiness and success.

I am grateful for the soldiers that give and gave their lives to earn and protect the freedom we enjoy, and for the soldiers that simply sacrifice being with their family and the comforts at home to do the same.

This is a wonderful country we live in. Always remember how blessed we are, no matter the challenges that lie ahead.

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Post Election Day: World Did Not End!

Good morning my fellow Americans. Some of you may be surprised to find that the sun came up, the world is still here, our country is still intact and guns can still be purchased in most states. I think this election season was an extra emotional one and for good reason.

I feel this election was a tipping point. Not necessarily toward the end of the country or freedom, not even between red and blue, but a tipping point of ideas. Two very different pictures of America and where we should take the country. It's not the first time our country as confronted these ideas, just the first time "equal opportunity" has been directly and openly replaced for "equal results."

This election was about free stuff; getting something for nothing. We have reached the point that a voting majority receives benefits that are paid for by a voting minority. There is no turning back. Human nature forbids it. Our path is chosen and our destination set. The only question is how quickly we will arrive.

As much as I would love to stop going to work, we cannot put our lives on hold. Life must go on. In the end, happiness and joy are a choice. Success, though impeded, is still a possibility. Friends and family will still love us.

We have only begun to fight.

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Why Debt is Good

Is debt ever good? Why do Millionaires and Billionaires often have mortgages on their home? Every time you deposit money in a bank, the bank is borring money. In fact, the "commodity" of a bank is debt. Banks make BILLIONS and the only thing they sell is debt?

It's called arbitrage. If you could borrow $1million at 2% and lend it at 5%, would you do it? What if your risk was guaranteed? The federal reserve and government pretty much guarantee that banks can't go bankrupt. They are "too big to fail." A 3% gap on $1million is $30,000 a year, plus compound interest!

That doesn't mean that debt is good. Neither you, nor I have a government guarantee. In fact we have no guarantee. Debt is never good, but sometime it is a necessary evil.

I recently purchased a car. I could have paid cash, but the bank offered 2.24%! I only pay $517 in interest over 52 months of the loan! That is uber cheap. The average annual inflation is about 3%. If I can borrow  money at less than 3% then it's basically free money. If I think we are headed into an inflationary cycle, then they are paying me to borrow money.

No, don't borrow money to make money. That's stupid. However, in these uncertain times I feel paying $517 over 52 months is worth having $10k+ in reserves in the event that I need it for another reason. So is that debt bad? Especially if I have the ability to pay it off at any moment?

I'm not going to answer. I would never suggest that someone goes against their principles. If someone needs to be debt free based on principle, I will never say that is a bad idea. However, it might be possible that there are better things you can do with your money. It's a personal decision on a case by case basis. Good luck!

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