Tuesday, August 21, 2007
I've just finished doing the research and substantive edit of a book designed to help newlyweds through the process of buying a home. The author, a fan of sub-prime mortgages in SOME cases, does ask readers to do some major work before jumping in: make a budget and then stick to it for a few months, instead of just assuming that you will; don't have a mortgage bigger than what you are already paying in rent (providing you're meeting your rent payments without a problem); remember that happiness is not dependent on glass-tiled bathrooms withsoaker tubs, etc. Basically, reminding people to stay sane.
Sanity has been hard to come by in real estate for the last few years. The early adapters to bubble housing prices and the rise of HGTV made a fortune. Soon, everyone felt that they should be in on it. If you weren't buying, upgrading, or flipping you were an idiot, doomed to a life as a wage slave. Turn on any one of half a dozen TV channels and you could watch 22 year old waiters and 40 something housewives leverage the finances to buy a wreck and then, a few setbacks and many visits to Home Depot later, reveal the newly gleaming home and their expected profit margin--usually about as much as most people make in a year or two.
Continua aquí: http://awedacity.blogspot.com/2007/08/i-blame-hgtv.html
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