photo credit: Chris Quinnell

We are Americans, hear us roar. Bigger is better! We buy more, bigger, better, and faster as often as possible, its our mindset. I dont know if we even know what the word moderation means any longer. Our appetites have grown at a steady pace in the last few decades and now we try to buy at the very far end of what we can afford, stretching our purchasing power to its limits. We forget that big houses are big debit, and we are leveraged to the hilt.

There has been a flood of unprecedented events in the last couple years. One unthinkable event just gets lost behind the next unthinkable event; its hard to keep up with them. Things we thought we would never see in this country are now commonplace, we have been pushed off kilter, and were just trying to adjust. The real estate market is no exception to the trials of our country.

I know this may sound a bit crazy, even in todays reality, but maybe we could purchase homes within our budget or even within or below our means. I know, I know, its a revolutionary idea, but hey, maybe its something we should think about. We always squeeze every bit of home, car, or gadget into our pocket book with no wiggle room left. Could we fit things into our life without squeezing ourselves? Im not sure, but I think it may get us into homes, cars, and give us a toy or two to hold us until our finances turn around.

Read the full article from Inman News

Posted in Metro Brokers, Denver Colorado Real Estate, Real Estate Market Conditions, Real Estate Industry, Real Estate Industry Trends

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