November 3rd, 2011 10:25 AM by Jodie Ford
It’s Simple: Now Is the Time to Buy a Home
Military Homes Charleston
“The millionaire says to a thousand people, ‘I read this book and it started me on the road to wealth.’ Guess how many go out and get the book? Very few. Isn’t that incredible? Why wouldn’t everyone get the book? A mystery of life.” – Jim Rohn
Courtesy of KCMblog.com
Mr. Rohn explains that if we want to make the right financial decisions in our lives, we should depend on the same sources the wealthy read. This past month four different iconic financial resources said the same thing:
IT’S TIME TO BUY A HOME!
Here are all four resources.
Forbes Magazine: The Next Mortgage Crisis
Wall Street Journal: It’s Time to Buy That House
MarketWatch.com: Now Might Be the Best Time Ever to Buy a Home
JP Morgan Market Insights: Housing: A Time To Buy
Despite all the gloom from the media, there are growing indications that it is a good time to buy. Mortgage rates have hovered around 4%, and according to Freddie Mac, are near 50-year lows. Homes have become more affordable than they have been in years: According to Moody's Analytics, the ratio of home prices to income is now 20.9% lower than the 15-year average through 2010, and 12.5% lower than the 1989-2004 average. A historic glut of homes, meanwhile, has created a buyer's market: There were about 15 million vacant homes in the U.S. last year, according to John Burns Real Estate Consulting Inc. some 3.1 million more than normal.
The long-term benefits of homeownership near Joint Base Charleston remain very much intact. For now, at least, you can deduct the mortgage interest on your taxes a big perk for people in higher tax brackets. You get to paint your walls any color you wish, without having to clear it with a landlord. Seeing as you can buy a Joint Base Charleston home for about the same price as you can rent one, buying will give you the ability one day to live rent-free. Come retirement time, a paid-off mortgage means your monthly expenses are significantly reduced, and you have a chunk of equity to play with.
Jodie Ford, Military Homes Charleston – Joint Base Charleston, SC Real Estate For Sale I specialize in helping military families enjoy a smooth PCS in and out of Charleston. I have a passion for helping people, and I love what I do. Call me (843) 819-4398 and let me make this the easiest PCS yet!
Torri Jacobsen, Military Homes Charleston – Joint Base Charleston, SC Real Estate For Sale Buying or selling a home doesn’t have to be hard, but choosing the right Realtor DOES make a difference. I specialize in making first-time home buying a great experience for military families moving to the Charleston, SC area. Call (843-475-9313) or email today, and let’s make this your best move yet! You’ll feel right at home with me.