“There is something permanent, and something extremely profound, in owning a home.” ~ Kenny Guinn
By Catherine Austin Fitts
As lending terms start to relax, more people are looking to buy homes or help their children and grandchildren buy their first one.
There are many benefits to owning your own home – if you do it right. However, finding the right home is a complex matter, let alone going through the process of buying and financing a home. If you have never done it before, the challenge can seem daunting. You are making a purchase of both a major consumption good and, ideally, a major investment.
Dr. Gary Eldred, author of Investing in Real Estate, once sent his students out to interview hundreds of real estate professionals to create a comprehensive list of all the mistakes and pitfalls to avoid, publishing it in his classic The 106 Common Mistakes Homebuyers Make (and how to Avoid Them)
Dr. Eldred joins me on The Solari Report to go back to basics and step through the dos and don’ts of buying a home.
In Money & Markets I will address the latest developments in the financial markets, including a farewell to quantitative easing by the Federal Reserve. I will also discuss some of the immediate opportunity and risk issues in the housing markets for those of you who are looking to buy homes at this time, emphasizing some of the topics that Dr. Eldred and I address in our discussion.
In Let’s Go to the Movies, I will review Herman’s House, a remarkable story that takes you inside the wonder of imagining and owning your dream home through the words and story of Herman Wallace who has lived in solitary confinement for 40 years.
Talk to you Thursday!