A.D. Cantelmo Property Management
Our Business is Property Management in Orange County California
Your mind set needs to change
I always ask myself why so many people would rather pay rent
and essentially pay someone else’s Mortgage then buy a home of their own. I’m
not talking about people who have financial problems, I am talking about people
who make a good living and are in a great position to buy.
I do understand why younger people avoid buying a home, they
want to have the ability to move around and see as much as they can before they
settle down and that is a very smart thing to do. Youth should be used as a time
in life to explore and learn what the world is made of. Travel as much as you
can and put off long term commitments until you are comfortable with taking
on those commitments.
The people that I am talking about are people who have done
the youth experience and in every other way have taken on responsibility. They
have roots in communities and have jobs that they have been with for years, but
they refuse to buy a home in those same communities and continue to pay rent. The question is why? When I talk to those
people they tell me that they do want to buy a home, but just are not ready
yet.
Some of the reasons are that they think that homes are overpriced and when
I point out to them that interest rates are great and will not be that way
forever (but maybe I am wrong) they still want to wait for prices to come down.
They also say that they like the ability to be able to move if they want and
are not tied down to one city and one home. When I point out to them that in a
few years, unless we go into another economic downturn their home will be worth
more money than they paid and they could sell if they wanted to move, they
still aren’t convinced.
No matter what I throw at these long term renters, they are
not convinced that this is the time to buy and I have a theory. I think that
these long term renters are turned off by the process of buying a home and can’t
get themselves to go through the exam that is buying a home, from getting the
loan in placed to actually finding a home and making the offer and getting
through the buying process.
These people I talk to are very smart and
understand what it takes and they just have decided that it is just not worth
their time.
Part of the problem is that it is a herculean task to buy a
home and in the end, the process can take away some of the excitement that at the
beginning of the process was very high. In my business of Property Management
in Orange County California, I have been through the process with so many
people and I understand why it can be very scary to begin the process and see
it through, but I have also seen the end of the process and even though the
stress can cause some of the excitement to subside, in the long run those
people who have made the choice to buy a home are much happier for the most
part then those who decide to continue to rent.
My suggestion to those long term renters is “Change your
mindset and Buy”
A.D. Cantelmo Property
Management Specializes in Property Management in Orange County
Ca.