Think about it..if you drove all night to get say kids home from college, had stocked the shelves for all the Thanksgiving vittles and then with the lower level of sleep this week under the expanding belt from all the food you pushed thru your pie hole...would camping out with LL Bean tents, gear really be worth it all?
The holiday hoopla to save the five dollars on the electronics you suddenly think you can not live without..that you head in to the retail jungle with a fist full of plastic to bring down, to take home. And the worry about what if the two per store guarantee stocking is like a musical chair you are not standing next to when "I'll be home for Christmas" stops.
generalize and apply for the entire country distort reality in many areas. There are so many extremes, unique markets within that huge nation.
With 50 states, broad brush statements that reflect the nation are not accurate and mislead. It boils down to not being like that everywhere and a feeling of disenfranchisement can permeate. In one blog post I read today on Active Rain it's indicated that one out of four homes is worth less than is owed on the four walls.
Boy, that is not a statement that applies to Northern Maine. Aroostook County did not have the foreclosure rates that happened in say a Detroit Michigan or parts of Florida. The Maine banks were making conservative, quality loans BEFORE the recession that hit other areas. Many homes are paid for. Not mortgaged to the hilt. Not saddled with grotesque, ready to pop at the seams equity lines.
Folks are not way over extended. People don't live day to day 20 minutes away from financial ruin. They have untapped equity lines with cobwebs and dust from lack of use. The lines set up for peace of mind if disaster hit but never utilized because savings are in place. Their standard of living below their means so funds are squirreled away for a rainy day. And reading that one in four statistic can send an alarm thru an area where the real estate air raid siren does not need to be activated...and does not apply. But think of the anxiety caused because the panic headlines are broadcast anyway.
It used to be the headlines of upside down folks in other states were a concern, but not a worry for you personally. You thought "I'm in okay shape" if everything went black for a spell. You were brought up to plan for it, expect it, anticipate the ups and downs. But now we all have deeper jitters, worries because all of us will have to bail out the folks that did not live within their means. Those that never learned a life lesson on picking yourself up by the bootstraps, planning for set backs. Or taking care of your family without expectation the government will catch me, help me, fix it. Or that I am entitled, deserve the best others can provide with a permanent out stretched hand playing "beat the buffet" that others put on. Folks that brought no covered dish to the pot luck supper. Just arrived and stayed long with a large, bottomless appetite. It's the Titanic, late at night and have you taken a life boat count and done the math if an iceberg happens by the bow? Not planning for the unexpected, the unpleasant does not make it go away or not happen.
The Maine real estate house prices are lower than many other areas which helps. That average figure for a price tag in Northern Maine is in the $80,000 bracket.
kid's college accounts is less than it will cost, and on and on.
It may be not just be real estate market oriented but the way some follksrun their financial lives. If the average American, another media headline, is carrying $17,000 for credit card debt, maybe the economy spotlights the loose financial reins on the household spending. The recession is the smypton...the poor personal spending habits or addiction is the bigger illness, the cause of the cracks, aches, pains. I remember reading the Bearstein Bears books to the four kids when they were little and one in particular called "The Galloping Gimmees". Maybe not everyone else read that one, remembered the lessons of over indulgence and paying the piper if drunken sailor spending becomes a daily occurrenceor need, compulsion. Maybe living in Maine meant our outdoor recreation all four seasons was the fun were did not have to pay for living in "Vacationland". Money was not the end all, in shorter supply and handled carefully is the lesson we learned, saw demonstrated.
When you grew up, do you remember parents being on the brink of financial disaster? Was the money brought in to the household coffers spent as fast as it came in? Beyond the income stream? Were your parents conservative and did you feel secure that there were savings and you were aware that a mortgage burning party was a goal you saw worked at, achieved?
Houlton Maine has over $52,000 worth of item to bid on over a three night period. The auctioneering starts at 6pm and winds down at 10:30pm each night. Here is the run down for this years auction on the Houlton Maine Rotary site.
Each year the Houlton ME Rotary Club designates certain projects to be the major beneficiaries of the Auction. This year's major project beneficiaries are:
Auction Proceeds will also benefit the:
Tune in, make bids and support the local Houlton Maine community projects The Houlton Maine Rotary Club gets behind. This is the district 7810 Rotary Governor's new letter to let you know what is happening on this side of the Maine border and on the other side in to New Brunswick Canada. We are lucky to be part of an international club! And contrary to what some believe, the world wide Rotary clubs not spies or a bunch of evil doers. Watch the Rotary Houlton Maine Auction video and see what the process is all about.
your own. And you are the only one handy to reach out, fill the need. This soldier does that. Take a look.
He is a Chief Master Sergeant in the USAF. As high as you can go in enlisted ranks (E-9).
John Gebhardt's wife, Mindy, said that this little girl's entire family was executed.
The insurgents intended to execute the little girl also, and shot her in the head...but they failed to kill her.
She was cared for in John's hospital and is healing up, but continues to cry and moan. The nurses said John is the only one who seems to calm her down, so John has spent the last four nights holding her while they both slept in that chair. The girl is coming along with her healing.
He is a real Star of the war, and represents what America is trying to do.
This, my friends, is worth sharing.
pet rabbit but the idea of Buggs simmering on a cook stove got my attention. Like a full throttle chain saw in your kitchen's deafening roar and blue oily 2 cycle smoke stinking your eyes, hitting your lungs. The wrong Real estate purchase can be like that. You find a property that you know is way beyond your time to fix, your expertise to correct the over flowing job jar on a place. Many of the undo, redo, make do renovations you had not counted on due to major major design flaws or deferred maintenance. The kind of jobs and updates put off from lack of money, know how or apathy where one job you expected after purchase of the gem turns in to three more as you tear away and see how extensive the damage really is.
You had hoped for the best scenario thru out the house rehab but maybe the real estate is under a bad spell..one your do not have the time, resources, "power" to over come. Now you sit slurping a coffee on a Sunday morning in a home's living room that is torn apart, needing a major cash infusion and your undivided attention. If the lot was worth what you paid for it and the cost to demo is not excessive because there is no hazardous waste to add to the fun and games removal exercise, there is one plus. If the foundation, roof, lay of the land for drainage is healthy...wheezing but breathing on it's own, that's another bonus. The place is level, the heating and plumbing are better than the early pilgrims had so add another small check mark.
The properties, homes or whatever structures in eye sight of your "castle" are way way better condition than the purchase you are eyeing, considering so that eases some of the real estate tension. But before you reach for your wallet to slap down that deposit to make it yours, examine your motivation and drive to buy right now. Are you buying with your heart or your head? Are you thinking you will be way over your head in real estate quick sand and are there any doubts, fears you are pushing to the back of your mind? Listen to that voice in your head. Are you in a hurry for this project to keep your college kids busy next summer or over semester break?
Or is work slow and as a business owner, are you buying to just keep your employees busy on a side project..one to keep you from having to lay anyone off? Noble but fool hardy? You'll know eventually and we'll get back to you on that one. The jury is still out as you nervously figgit with your check book pondering what do you do. Have you watched too many "flip this home" shows expecting only to donate a few hours of your time and under a $100 of materials to hit one major league real estate home run? You did not order the real estate TV guru's tapes and books too did you?
Okay, if you are seriously going to do this, get your estimates on materials, your home inspection done. Round up the contractors you will need on the areas way over your real estate expertise..the dark murky areas on the other end of the home renovation pool. You need this information to know the full list of what's ahead for projects. To avoid wasted steps, unnecessary duplication of effort. Plan your work, work that plan kind of emergency room real estate logic. Consider all the worse case scenarios..not because you are a negative Joe or Jane but because you are preparing yourself for disaster and to protect from hearing your own voice in your head kicking, screaming "I told you so". Your friends, neighbors, relatives will want to add their two cents too so with the information and racing ahead to look back, how does this purchase help you with sleep at night, your desire to eat and think about something else going on in your daily life routine. Is it a hobby, passion, going to be fun or do you see cracks in the logic of putting your name on the real estate deed?
Watch a quick video on the process of rehabbing a home, the fun and games in the process.
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