The Eagle is Coming- Turkeys get out of the way!
We are not talking about the Bailout- but about the Economic Stimulus First Time Home Buyer Incentive!
The $7500 First Time Home Buyer Incentive is out there for use and it needs to happen before July 1, 2009. Why is this a positive trend for the real estate market? This incentive, when combined with FHA and other fiscally responsible loan products will allow a number of habitual renters the opportunity to purchase, often a better quality home than they could have found this time last year.
With so many houses on the market right now, it is a great time to take advantage of the liberties of the housing market. Being able to pick and choose, means buyers can find a good number of properties that will fit their needs. First time home buyers will also be able to get loan products that are in line with fiscally responcible lending practices: putting 20-30% down and getting loan rates at their 40 year low (6-7% aprox.) means that the local banks in your marketplace are a good place to start the pre-qualification process. When Ben Franklin suggested the turkey as the National bird, I think he was looking at an over-stuffed Tory market; thank heavens for Jefferson and his streamlined Eagle.
Baby Boomers are looking to retirement, their children are graduating from College and starting careers and our Nation is in an economic crisis, let us not forget the words of Franklin D. Roosevelt:
"Out of every crisis, every tribulation, every disaster; mankind rises with some share of greater knowledge, of higher decency, of purer purpose."
As the blessings of a crisis that was WWII, Baby Boomers are now in a position to effect an economic change by simply encouraging their college graduate children to look to buying homes, if the can afford to do so. For the past 40 years, real estate has been the most reliable long term investment and can be one for your children's future. Investing in real estate is an investment in your future for long term return, not as a short term savings account. And if you can get a little help from Uncle Sam along the way, why not buy NOW.
The economic crisis did not occur overnight, yet we want government to fix-it that fast. The Greater Knowledge that America needs to glean from our current situation is the need for responsibility and accountability. We have been bomb-barded by the negative press, influnenced by a pre-pubecent media focused demographic and have been standing by encouraging the excesses of those around us. We need to say stop!
Stop to: the deterioration of family values. Stop to: the indulgences given without hardwork to our youth. Stop to: the overstimulated communications that are surrounding us everyday- where people Twitter to feel connected to someone, when all they need to do is turn off the electronic device, look-up and greet a fellow American, face-to-face.
We need to be connected to our local economies, local real estate markets and local issues. When we look locally, things are not so bad, not so overwhelming! This at-home attention and spending will add to the positive trends that are happening in our local markets. The power to change our economy lies within every individual within their communities, we need to look to our local situations and secure our liberties; as FDR proclaimed:
"The People of America are in agreement in defending their liberties at any cost, and the first line of the defense lies in the protecting of economic security."
We have a lot positive going on and as professional Realtors working through the market, we're the media. Good job for delivering messages like this one.
Amber
Thanks for the vote of confidence, too bad you are the only ones to read what I had hoped would be a good message to send. Thanks for reading!
I wanted to comment on this post, again, hoping that it will get the attention of some other readers, we can learn a lot from FDR!