First Post of 2009
Trust ya'll had a good down time, back to the yoke! Ususally I try to inject a little humour into my blogs 'cause, well, it makes me feel good! My hedonistic tendency. But as a Realtor and a consumer I read the same stuff about the economy in general and housing in paticular as everyone else. Serious stuff. After all it's human nature to stick one's hands deep into one's pockets when uncertainty is out there. Self preservation.
We live in Canada, and that's good! We have not lived beyond our means for years and years like the U.S.; buying over priced homes with no money or sustainable income. A $300k home sells for $500k then drops to $250k. Busted!!
We live in Ottawa, and that's great! No spike in housing prices. No manufacturing sector to speak of, no jobless stats as elsewhere. Highly educated. Good standard of living. Stable. Beautiful city.
For most of us, our quality of living revolves around the home, our sanctuary.
If you're looking to add, say 20% to your net worth this year, don't buy a house. Do tell me where to find the 20%, however! But holding off those plans to buy a home is to hold off on your quality of life. And waiting for prices to fall (in Ottawa) may result in lost opportunity.
I can see you're all fired up now, all you need is a 'go to' Realtor to make your dreams happen. Umm, that would be me. wayne.bowness@century21.ca