Why You Might Never Have a Better Time To Own a Home

A recent MSN Money article captions "Why You Might Never Own a Home". It then goes on to write about a couple that earns a little less than $100,000 a year together and how they lament "We can't afford to buy a home". Within the article there are a number of points made that suggests that potential home buyers, like the couple cited in the article, might never be able to own a home.

Reasons like "rising home ownership prices have made ownership impossible for many middle-class families" and "easy credit and the pressure to overreach during the recent housing run-up have left America with a nasty housing-bubble hangover".

While I am sure the writer of this article means well and the intent is to be informative, the article creates more confusion and misinformation about the present home buying situation than it should. There is another side of the story that needs to be told.

The other side that should be told is "Why You Might Never Have a Better Time To Own a Home" The stars for a boom in home buying are all aligned. While the naysayers are prognosticating about the doom and gloom on the housing homefront, savvy home buyers and real estate investors are a signing a Hallelujah chorus that says "happy days are here again".

The DNA of owning one's own land or home is well embedded in the American fabric. The Homestead Act, signed into law in 1862, was the first real and substantial endeavor by the federal government to create homeowership, stability and a sense of belonging . This act provided that any American or legal immigrant could have up to 65 hectares (160 acres) practically free if they just claimed it, staked it off, cleared it and worked it. Only a nominal fee was required to be paid in some instances. This stimulated the economy and helped settle a country that was suffering growing pains, dealing with a war (The Civil War in fact) and having spirited battles between political factions. Sound familiar? Well guesss what it's no different today.

The federal government has made provisions for people to in effect homestead again.
Sure it's tuff to buy in the real estate market now if you don't know how to navigate around the subprime and adjustable rate mortage mess. On the other hand low, moderate and even high income people who feel they may never own a home can do so.

There is an abundance of home buying opportunies. Down payment assistance programs funded by federal, state and local governments. Visit. http://www.hud.gov/buying/localbuying.cfm). Non-profit organizations that have billions of dollars to lend to first time home buyers and virtually guarantee you can qualify if you follow certain guidelines and a host of other options. Check out www.naca.com.

Given that sellers are so motivated to sell and the inventory of available homes so high, this makes the home buying experience even more favorable.

Do yourself a favor. If you truly want to buy a home of your own, stop listening to the news that tells you that you can't. Do some research on what's available to you in your area with housing assistance, free money for down payment and other programs that are just waiting for you to make a move.

You can also contact me. I can help you make your dreams of home owership come true.

If you have a different opinion or take on the home buying scene, I'd like to hear it. Make your comments and tell me how you feel.

Roy Landers, attorney and real estate broker/investor teaches what’s working and making money in the current real estate market with FREE content from The Real Estate Playbook, the place where savvy home buyers, sellers and investors gather information to build a solid financial foundation.

Website: http://www.housingamericans.com
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