Here is an article that is spot on and is something I have been talking about for two years. Really all this talk about economic recovery if it doesn't filter to the young adults (actually if it doesn't filter down to all economic groups) is there really a recovery?
The American Dream for the 25 to 45 year old has become the American nightmare. If Mom and Dad can't help with the down, for most young adults to just meet expenses is difficult enough let alone raising the down to qualify for a Mortgage. According to my mortgage brokers, mortgage rates are back down close to 4% and although Santa Monica Real Estate as well as most of West L.A Real Estate is at a premium, the lower mortgage rate far surpasses the premium. Monthly payments will be much lower then if houses were discounted and you had a 6% mortgage. There are ways to get a low down loan and if you are a renter paying 1500 or more you should contact me and lets see if we can get you a house close to those rental payments.
I am Bob Schmalz a California Licensed Real Estate Broker, I am the founder and owner of West Los Angeles Real Estate Group, handling all Real Estate needs from residential to investments To name a few of the cities we cover in West Los Angeles; Beverly Hills, Santa Monica, Brentwood , Pacific Palisades and Malibu are some of the most popular. Our beliefs are that our clients should have the knowledge they need to make decisions in there Real Estate Goals. In this way our clients helps us make the right decisions for themselves.
FIRST TIME HOMEBUYERS:INTEREST RATES BELOW 4% + LOW DOWN PA
"Dear Bob and Barbara,
I should have sat down and wrote this sooner. I hope your holidays were beautiful and the New Year has started nicely for you.
I wish to thank both of you for helping Carl and I find a beautiful home for our family. We needed to work on a budget yet we wanted something nice. We found it with your patience and support throughout the process.
I loved the way you took time to show us each category and price range. You showed us houses, townhomes, and condos. We were able to see what we could get for our money and what city or area we could get for the price we offered. You have a wonderful "eye" to see the flaws and good points of a place, and we really appreciate that knowledge.
Thank you too for our homecoming gifts, that was a personal touch.
May God bless you and your family always.
Christina & Carl Holkirk