I think in order to understand what the housing crisis is and was, we need to take a look at what a crisis is and why we react so fearfully to the economic ebb and flow of the natural market. Wikipedia states that a crisis “may be a traumatic or stressful change in a person’s life, or an unstable and dangerous social situation, in political, social, economic, military affairs, or a large-scale environmental event, especially one involving an [Read more…]
Archives for 2008
Is Now the Time To Buy?
As long as we allow emotion to dictate our financial decisions, we will inevitably fail, because we usually experience a heightened level of anxiety when we’re focused on how “bad it is, was, or could be…”
If we base our outlook on what’s in the “rear view mirror,” as John Foltz suggested at our last meeting, we’ll miss out on the inevitable future, which is, simply, increasing values.
Even though we may not be at the bottom of the cur
ve, the only way we’ll know we’re at the bottom is after it has happened. If you wait until it has passed, and prices begin to increase, the same problem that keeps people from acting on the downside will keep them from acting on the upside. How many out there will see prices start to rise and think, unrealistically, that the prices will come back down again. They’ll wait, and wait, and wait, and they’ll miss the ride up…which is proven to happen over time.
In skateboarding, the athlete looks forward when they travel down one side of a half-pipe. As they approach and enter the downside of the transition, they push with their legs, pumping into the bottom of the curve. This action takes place before they hit the bottom, and it provides them with the momentum to travel beyond the top of the opposite side.
As we approach the bottom, knowing that the market will increase over time, as long as you are able to carry your property, it’s a great time to pump your assets into a home, especially if you’re a first time home-buyer.
Paradise Valley Arizona Open House
Today, Sunday April 20th, I will be holding a beautiful home in Paradise Valley open for your viewing pleasure.
Nestled on a quiet 1 acre lot in the Town of Paradise Valley with an auto security gate, lies this truly elegant estate with 4 Bedrooms plus full guest casita, 8 bathrooms and approximately 6,889 square feet. 4 Car + garage. Home completed in 2006.
Enter through the beautiful iron gate into the charming brick paver courtyard with fragrant flowers. Be drawn to the custom handcrafted full radius wood and glass door that leads you into the foyer with barrel brick ceiling.
Those who embrace true quality in construction with yard ramp after finishes will appreciate the custom finishes found throughout this incredible home.
Enjoy candlelit dinners in the formal dining room with wood beam ceiling detail, stone surround fireplace enhanced by a custom mural above its mantle & tiered chandelier. Patio doors open onto the outdoor courtyard. Conveniently nearby is the wine room and full wet bar for your favorite beverage collection.
Gather around the stone fireplace for conversation in the elegant living room with handsome bookcases and pocketing french doors that open onto the outdoor patio.
Informal living can be yours in the family room located just off the kitchen with travertine flooring, Cantera stone fireplace, entertainment niches and oversized glass and wood doors that pocket open onto the patio areas.
The discernible chef will never want to leave this incredible kitchen with dual islands, butler’s pantry, top of the line appliances including a Wolf gas cook top, walk in glass refrigerator, Sub Zero, 3 sinks, 3 dishwashers, hand carved custom cabinets, granite slab counters, work desk, incredible ceiling detail and huge eat in area that can seat 8!
Settle into a game of pool or cards in the private game room with handsome plank wood flooring, boxed ceiling, built in cabinetry and doors that open to the patio.
Professional study and library is enhanced by the stunningly crafted floor to ceiling wood bookshelves and computer desk.
The master suit is a true escape with floor to ceiling built ins, stone surround fireplace, niches with custom faux painting and design, crown molding; luxurious spa bathroom and adjacent exercise room and french doors that pocket to outside patio and fountain.
Detached 550 sqft guest casita is private and offers a garage, microwave and dishwasher, eat in area and plenty of storage space.
This Berghoff designed yard is comparable to a five star resort. Amenities include lap pool with water features, raised spa, grassy yard, sport court & putting green. A large cabana with grand stone columns houses the kitchen area with barbecue and fireplace. Stone patios complete with misters.
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A bit of comic relief…
I stumbled across this video today which shows a lovely experience for an unsuspecting couple looking to buy a home.
Arizona Real Estate Statistics
I believe that over the next year we will continue to see steady growth in real estate sales. Buyers are finally loosening up their grip on their pocketbooks to wisely invest in a time where the prices are at or near the bottom of the price curve.
It is still a buyer’s market. If you have property, hold on to it, unless you have unique motivation to sell, as history shows that it will increase in value. Remember, when the world is saying the market is awful, it’s time to buy. When the world is saying the market is fantastic, it’s time to sell.
Ford Arizona Ironman Triathlon
Brandon Stark, our good friend at New Valley Church, will be competing in this Sunday’s Arizona Ironman competition:
Timeline of Events – Note, due to unknown circumstances, we actually have absolutely no way to know how well Brandon will perform. So your best bet is to reserve as much time as you can to cope with parking, which will inevitably be a standard Tempe Town Lake disaster. [Read more…]
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