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Real Estate Information |
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Encouraging Debt
Most of us don't talk about money, finances, credit, debt....Young people especially go into the real world blind about these issues. They have had it easy or difficult growing up financially. Some kids use their parents credit cards or are even issued one. Some don't have anything above the necessities. Then some "EARN" an allowance and are taught to spend conservatively. I think all of us have a responsibility to steer them in the right direction. It is necessary to establish credit. Choose, for example a reputable credit card company. Often this can be obtained through the credit union or bank where an account has been active. Carefully read all of the disclosure. Pay close attention to the interest, grace periods and penalties. Most importantly, spend the way you always have and absolutely no more. Charge one or two of the usual expenses and be sure to pay the bill on time. This creates the needed credit and good score to buy bigger things. Credit is a good thing in some ways. But as we all know it is more often a problem. One problem is people lose control of spending. I think there's something psychological that makes it easier to sign a piece of paper than to write a check or whip out the cash. One is your money, the other doesn't seem to be. The worst part of being up to your eyeballs in debt is that it snowballs quickly and usually hopelessly. There are debt reduction programs and free consultation services and unfortunately bancruptcy. But it's easier not to get there. Another problem is bad credit on the report that's incorrect. Amazingly this happens very often and consumers aren't usually aware of it until they apply for something. It pays to check about once a year. If something is in error it's usually not difficult to get it corrected. I had a young man (19) come to see me yesterday. He said he wanted to buy a house and no one would pay attention to him. What a sad statement. He has belonged to his credit union for years. He has rented a house for a year and paid the utilities. He's a certified mechanic who took first place in the state. He has worked in the same field for several years. That's more stability than I've seen in some forty year old people. John went to the credit union and spoke to someone in the mortgage department. I'm fairly confident it went well and I will find him a good property and a good deal because I know him and I'm proud of him. I think he was hesitant to talk to me because his mom and I are best friends. I wish the other people had treated him with the respect this young man deserves. Suzie is a certified residential appraiser, licensed real estate broker and an expert author with twenty years experience in the business. Other professionals in the field have contributed as well. http://www.freewebs.com/realestatenews
MORE RESOURCES: These are the best and worst cities for first-time homebuyers in New England and beyond, new study says The Boston Globe Blackstone's Wesley LePatner, a mentor to women and real estate investing leader, killed in NYC office shooting Business Insider The real estate market: 5 key themes to watch this week Real Estate News by RealEstateNews.com Real estate: Home prices climb in Martin, Indian River counties; fall in St. Lucie County Treasure Coast News Real Estate Investment Trusts Score Legislative Wins Forvis Mazars US Troy Furbay has been appointed Managing Director, Hospitality at Crescent Real Estate LLC Hospitality Net ‘Walking beside him’: Daughter continues stepfather’s real estate dream Mountain Home Observer Richland County property transfers recorded July 21-24 Mansfield News Journal I-78/I-81 Corridor commercial real estate activity picking up Lehigh Valley Business Double digit price increases for Putnam real estate Mid Hudson News Real Estate Expert Jody Wainio of Buyers Choice Realty Shares Advice on Mortgage Pre-Approvals in HelloNation GlobeNewswire Real estate: Condo prices rise in Indian River County; fall in Martin, St. Lucie counties Treasure Coast News RE/MAX revenue continues to slip despite agent gains Real Estate News by RealEstateNews.com Haag-Brown Commercial Real Estate to open Bentonville office Talk Business & Politics Inside Zillow’s summer launch: 5 new tools built for agents - Real Estate News by RealEstateNews.com Inside Zillow’s summer launch: 5 new tools built for agents Real Estate News by RealEstateNews.com US industrial real estate investor Terreno sells $82m portfolio IPE Real Assets Executive Killed in Manhattan Shooting Was CEO of Blackstone's $53 Billion Real Estate Megafund Realtor.com Top residential real estate sales for July 14-18 in Longboat, Lido, St. Armands, Bird Key Your Observer Real estate transfers: 7/30 Toledo Blade Leading Arizona Real Estate Team JBRE Joins Real Brokerage, Bringing $310M Sales Portfolio Stock Titan Arkansas Commissioner of State Lands to auction more than 700 tax delinquent real estate parcels Thursday Hot Springs Sentinel Record Real Estate Transactions | July 14-18, 2025 Republic-Times Real estate office renovating former daycare The News-Enterprise America's Unhinged Real Estate Market Is Driving Down the Birth Rate Business Insider Atlanta real estate tycoon Tom Cousins has died at 93 Rough Draft Atlanta Inside Hulk Hogan’s $11M Real Estate Empire EntertainmentNow Exclusive: Apple to buy another Silicon Valley campus for $365 million San Francisco Chronicle News | UK commercial real estate investment slips slightly to £10 billion in second quarter - CoStar Ledge Road property in Newport sold for $3.3 million tops latest Newport County sales Newport Daily News Real Estate Giant Anywhere Gives 100,000+ Agents Free Access to Canva Enterprise AI Marketing Platform Stock Titan Christie’s Debuts Crypto Real Estate Division The New York Times Los Angeles Area Wildfires Destroyed Nearly $52 Billion in Homes Last January The World Property Journal Real estate trends highlighted Morrow County Sentinel Alex MacWilliam of Alex MacWilliam Real Estate in Vero Beach Shares Hurricane Preparedness Strategies to Protect Property Investment in HelloNation The Manila Times Asia Pacific commercial real estate investment surges to $31.2b in second quarter 2025 Institutional Real Estate, Inc. Luxury Presence Debuts the First Fully Autonomous AI Marketing Team for Real Estate Agents Business Wire Santa Monica Ranks Second Most Expensive for Rentals as Real Estate Market Shows Mixed Signals Santa Monica Daily Press Easton home on Sierra Drive that sold for over $1M 'epitomizes one-of-a-kind luxury' Enterprise News Population Growth in England and Wales: A Boon for Real Estate and Social Infrastructure Sectors AInvest Slain Blackstone executive was a real estate powerhouse Crain's New York Business Hamptons Real Estate Market Data – Week of 7/22/2025 Hamptons.com Boardwalk Real Estate: Q2 Earnings Snapshot San Antonio Express-News Former Patrizia exec joins Oryx Real Estate Green Street News RealPage buys Rexera, maker of 'AI agents' for real estate deals The Business Journals Judge sides with LGBTQ+ Alliance in battle with ex-CEO Real Estate News by RealEstateNews.com One of the world’s largest luxury real estate firms wants to help you buy a house — with crypto New York Post Blackstone’s LePatner killed in NYC shooting Private Equity Real Estate | PERE |
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