Dangerous Trends 

& Shocking Statistics

affecting

Buyers of Homes, Condos

and Multi-units today ...

                
  

Short Introduction:

To retire with dignity ... most people will NEED to depend on the equity in the real estate they purchase ...  more than ever before in history ...

Here's why:

 

 

You may be counting on a certain amount of income in your retirement years, from private and/or public pensions.

 

However, you are probably thinking of it in terms of GROSS income without considering the actual NET PURCHASING
POWER after being severely eroded by taxes and inflation.

Key point: Taxes and inflation can only continue to escalate:

Just look at the exponential rise of national debt since year 1940 in the chart on the right.

 

This chart is also a direct trend indicator of where taxes and inflation are going (in order to pay for all the government borrowing and spending).

Our government can no longer hide or suppress:

 

- the unstoppable national  debt (the chart on right shows 1940 to present growth of debt - now in TRILLIONS of dollars);

 

- huge fluctuations in economic cycles (due to gov't   manipulation of the currency to artificially bolster the economy),

The bottom-line is this:

 

Don't deceive yourself into depending on the GROSS amount of your retirement incomes:

 

Instead, anticipate the NET purchasing power of that income!  

For example, if you anticipate that the combination of your retirement income streams will be $5,000 GROSS income per
month ... but you are left with a mere $2800 per month of true net purchasing power after taxes and inflation, then you could be left in a very undignified position in your old age.

Now is the time to be sober and make your real estate purchase carefully, to create the maximum amount of equity for your future dignity.

 

 

As part of our mortgage service, we offer a sequence of checklists with coaching each week for the 4 phases of buying a home, condo or multi-family: 

 

Our objective is to maximize the amount of equity you will have towards retiring in dignity by guiding you with real estate success principles and by avoiding costly mistakes.

 

This program of checklists & coaching is based on my 29 years in the real estate profession in over 400 transactions - and it's free to our clients.

The more equity you have when you retire, the more options you have to protect your dignity (- we'll explain these options to you).

 

Again, the program works for buyers of homes, condos and
multi-families.

Here are the  Dangerous Trends & Statistics that should affect your strategy for buying a home, condo or multi-family:

1. The average 50 year old in the united states has under  $47,000 in savings.

 Source:  U.S. Census bureau

Note: $47,000 at today's interest rates in a certificate of deposit would provide a monthly dividend of about $80 per month; hardly enough to live on.

   

2. A mortgage will cost at least 60% more than the price of
the home due to the mortgage interest! 
    

That means a $300,000 home will cost about $480,000 ... that's an extra $180,000! 

 

NOTE:  That $180,000 is more than THREE TIMES the
average savings of a 50-year old in the United States.

 

 

3. After paying on a 30-year mortgage for 10 years you will
 still owe more than 75% of the loan.

 

After paying for 20 years you will still owe about half!

   [We have very smart solutions to this issue.]

 

  

4. As of year 2007, 26 million Americans were on food stamps, but today over 44 million (FORTY FOUR MILLION!) Americans are on food stamps, which is an all-time record high.

 

 [That is a whopping 69% increase in dependency on food stamps in only a few years! This will be funded by future increases in taxes and the gov't printing more money = inflation =  your retirement incomes will likely suffer severe loss of purchasing power.]

 Source:  www.economywatch.com

5. The vast majority of Americans will not have the financial

resources to ever be able to retire. Therefore, they will be forced to work far longer than they had ever planned on working because most Americans have not planned or saved adequately for their retirement.

 

Source: EBRI (Employ Benefit Research Institute)

 

 

     

6. Forty-three percent of readers who lent money to family of
 friends weren’t paid back in full, 27 percent hadn’t received a dime. [Significance: This statistic shows how close to the edge people live.]

 Source:  Source:    www. economywatch.com
   

   

 

7. A third of both workers and retirees said they had to dip into their savings last year to pay for basic expenses.

 Source: EBRI (Employee Benefit Research Institute)

 

  

8. Over 42 percent of people surveyed say they determined
their retirement savings needs by guessing!

Source: EBRI (Employee Benefit Research Institute)

 

 
 

 

9. 80 to 90% of women will be solely responsible for their
finances at some point in their lives- mainly due to divorce and the fact that on average women outlive men by seven years.

Source:  National Center for Women and retirement research.

 

  

10. The average age of a woman becoming a widow is 55 years
old.

 Source: US Census Bureau.

11. Social Security provides 67% of women’s income over the age of 65. [This is not good if Social Security collapses or becomes subject to much higher taxes when you try to retire; a very likely occurrence.]

 Source: Social Security Administration: article titled: "Especially Vital to Women- IWPR analysis"

 

12. The number of middle and upper income women struggling
with debt has risen faster than the number of lower income women struggling with debt.

Source: Women, Debt and Recession, CareOne Debt Relief
Services)

13. 61% of Americans live paycheck to paycheck, up from 49 percent last year.