Be found at work or at play in the fields of Real Estate. WHY? Because as you travel through life, you will always need a place to lay ones head. Furthermore, you may want to establish a quality of life for your self or others. Real Estate does that. We spent the last several years showing what it doesn't do, but it does do what it was intended to do
IT PAYS FOR ITSELF
With anything of REAL value, it appreciates or at the very least holds its value with time. Wine, cheese, jewelry, antiques, and land with location dynamics matures and realizes into something of more value to the user. Real Estate has always been known to pay back more than one has invested.
FORCE ANYTHING AND IT MAY WORK...TEMPORARILY
It is when we try to make it do that in ways not intended is where we ended up for the last several years. You don't hear anything from conservative homeowners who passed on leveraging their homes or biting off more than they could chew. They went with the old tried and true methods. The latest fiasco passed them by..
GETTING A LOAN IS A PRIVILEGE
You buy and then make your mortgage payments which are a privilege. Someone has agreed to loan you money to help you improve on your lot in life. Now, be cognizant of that and try to pay it back as quickly as possible. That is the new plan. In a short amount of time, you will have reduced the debt. That is when you truly own your home is when it is debt free
THE FIRST DOLLAR YOU EVER HAD....MEANINGLESS NOW
No one can remember their first buck and what they did with it. Time and the value of a buck has erased those circumstances. However, for every dollar or dime put into a good Real Estate investment, you do get something back for it over the years. You don't have to remember every payment you made. You have something called equity
A PIGGY BANK TURNS INTO A FAT HOG
Reduced debt, market dynamics and supply & demand produce equity. What was once the beginning of you leveraging a purchase if handled correctly ends up with you sitting on your own private gold mine. Works every time too if you allow it. After that, if one wishes to risk and pursue other things, well go at it.
But leave the old home...alone