Romancing the loan
Or, How I Stopped Worrying and Learned to Love Buying a Home.
O
kay, 2020 is finally behind us. Unclench your hands. Stand up and stretch. Take a deep breath, and let it out real slow: In with the new. Out with the dumpster fire.
Cents and Sensibility
Despite a year of economic and societal volatility — or maybe even in part because of it — San Diego’s housing market has remained competitive, with homes selling quickly with multiple offers above list price. Even without mentioning the B-word (or “bubble,” for those who aren’t superstitious), should There are this market inflation deter buyers from programs out trying to get into a home of their own?
After that rollercoaster of a year, you deserve some good news for 2021 and beyond. The new year brings fresh hope for stability — particularly as the turbulence calms from 2020’s wild markets — and with it, fresh opportunity to build long-term wealth there to help Schreier says no. “Realistically, there in real estate. Whether you’re already a is no better investment in the U.S. almost everybody homeowner or interested in becoming than homeownership. It is the greatest buy a home. one, this year presents a historic range of wealth builder, hands down. There ways to finance your next home to make the will always be ups and downs, but real most of your investment estate assets appreciate over time and dollars and turn your monthly provide leverage, especially when they’re paying housing payment into something toward a place of their own and not just funding their you’ll someday own. landlord’s mortgage. With dozens or hundreds of public and “If you look at the historic appreciation for real estate private mortgage assistance programs value, the math works out. Plus you’ll be paying the same out there, how do you find the one monthly mortgage for the life of your loan, while rent might that’s best for you? We sat down with go up 4.5% year by year, and current forecasts are for Russ Schreier of Point Mortgage to property values to appreciate even faster than historic get the scoop. rates. The cost of waiting is real.”