Real estate... What if you have it backwards????

I was showing property yesterday... the home was a short sale... very common in today's market. The owners were there moving out and loading their stuff in a hummer! What's wrong with this picture??

One solution to the foreclosure & short sale problem sweeping the nation is planning! I blame the media & false advertising.. they are constantly talking us into spending our money on things that benefit the advertiser not the hard working American’s future! "low or no down" no payments for a year! What a great opportunity... or is it???? Yes but only for the planner!

What they need to advertise is the actual amount you will have paid when it's all over.... that $65,000.00 Hummer once you factor in the interest, insurance, gas and accessories has cost you well over $100,000! and what is it worth 1, 2 or even 5 years from now??? NEVER $65,000 again! THE MINUTE YOU DRIVE IT OFF THE LOT YOU'VE EASILY LOST $10,000 TO $20,000! And it just goes down each and every year from there!

In my opinion, Hummers are for people that plan! If you think you can afford a Hummer... you can afford Real estate! Real Estate even has the perk of APPECIATION!!!!! not right away in this market... but it will eventually happen! I am not a gambler by nature.. but I would put my money into real estate then when I have cash flow and appreciation then I will buy toys!

It is just a matter of changing your thought process a little....

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