Posted: 15 Aug 2013 04:00 AM
PDT
Today, we are honored to
have Justin DeCesare, CEO of Middleton & Associates Real Estate in La
Jolla, as our guest blogger. Justin has written a manual for new agents that
is a must read for the new technology centered Real Estate market. It is available online in both print and Kindle editions. – The KCM Crew
I spend a lot of time defending the work
habits and dedication of my generation. Yet, I still wonder at times why we
aren’t all as cynical and jaded as the media would like to portray us.
Everything from the PRISM
scandal to the everyday politically motivated Washington gridlock on items
such as student loan rates have left many of us feeling weary of our place in
the political and economic infrastructure.
In Walter Hickey’s article on Business
Insider, he quoted President Obama in his recent interview with Zillow
CEO Spencer Rascoff as saying:
“Jacob looked like a
pretty young guy, renting is probably the best option.”
While I don’t think this quote
was meant to minimize the economic struggle of Millennials, it just seems to
add to the stream of media attention that fails to see the impact we will
have on the overall recovery.
We are at a turning point in
our society. Prices have bottomed, affordability indexes are low, and jobs
are coming back on line.
No matter your age, if you have
the financial ability to buy a house, do so right now. Not a year from
now…right now. By the time the media finally says Millennials are buying
houses, they will be a year behind in their reporting.
Take Action. Today.
Whoever thinks they have a crystal ball is lying to you. No one
knows exactly what will happen with the government’s bond buying programs or
new housing starts and inventory. However, we do know this:
§ For Now, Money is
still Cheap
§ Rental Prices Will
Keep Rising
To my Co-Gen-Yers who may come
across this blog:
Lifelong wealth is created
with a certain amount of risk; however, if you fail to take that risk you
will always be stuck in your present situation.
Years from now, there will be
people who look back and think to themselves, “I should have bought when I
could…That was the perfect time to buy.”
Every type of Real Property is
going to appreciate over a 10-20 year period, from commercial buildings, to
multi-units, to single family homes.
Our generation is set to play
an important role in our economy as there is an ever-growing necessity for
technologically advanced degrees and laborers. It is up to you as to whether
or not you want this economic growth to shape the rest of your own personal
life as well.
Much like the greatest
generation at the close of WWII, we have a duty to re-establish a vibrant economy.
No one else will do it for us. I realize the economy has not yet fully
recovered. But, if everything the media and the politicians say is true, none
of us will own houses or have babies until our 50s.
No matter what any pundit says,
it is going to take young business people, humanitarians, laborers, and
entrepreneurs to take the lead and recreate an America that the Greatest
Generation would be proud of.
Leave the cynicism to someone
else. It fails in action as much as it does in belief.
Now, it’s our turn.
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