Control and Delete is the solution for our preconceived ideas for housing.
Previous trends in Real Estate were:
- First Time Buyers find little house and little payment
- Second time, move to bigger house, bigger payment
- Get way out of control!
- The results of this trend equal more and more debt.
Recently, I was a consultant for a young professional couple whose financial statement reflected:
- House payment $1,400.00
- Student Loan payment $1,900. (per month)
- 2 car payments
- fixed expense and groceries
The house is $7,000 in arrears and with a foreclosure notice. They each have a masters degree. How sad is this?
What is the solution? It is Plan B. Affordable Shelter/Little House, No payment and mix well with common sense.
Think about it. We each must have food, clothing and shelter. A big house doesn’t only add a big payment, but higher utility bills, more expensive insurance, higher taxes, and maintenance.
Do you see a little house in your future?
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