one main financial alexandria la: Expectations vs. Reality
It’s been a while since I wrote more than a line here, but I wanted to talk about one of the most important and most prevalent things for me to consider: cost. Cost is a big factor in the health of our financial situation. We all want to live on a budget, but it can be hard to achieve.
I think the most important thing is to be aware of the cost of every day purchases. I know many of you who work in the financial sector aren’t quite aware of this, but it’s really really important, because if you don’t know what your monthly expenses are, it can be hard to budget.
The reason the price of oil is so high is because we live and work in a bubble. People who live in a bubble have been able to spend their money on their cars and other things because it’s cheaper than a car. I know people who live in a bubble say they can spend their money on their stuff but I think that’s totally fine for companies.
The financial sector is where folks who are in a bubble can make their money. People who are in a bubble can make their money by renting space for themselves, or by buying or using something new. People who are a bubble can spend their money on things that work and make money. But if you’re a bubble person, if you’re a computer programmer, or a movie-maker, you can do all that stuff.
I think it’s a bit of a stretch to call a small city full of people who own a few expensive cars and a few expensive homes a “bubble.” I’ve never lived in any of these places, but I’m sure the same holds true for most of the country.
This last point is a little misleading. In an increasingly urbanized society, home ownership is not a luxury. It is an investment that, like most other investments, carries a risk. And a lot of the risk is in how we use our homes. If you want to invest in your own home, it helps to have a solid foundation and a solid safety net.
The biggest danger of home ownership comes from inflation. When that happens we have people who buy homes with inflated valuations. I know that sounds like a great thing, but most people don’t know how to take a few dollars off the price of houses. And when that happens we’ve had to pay hundreds of dollars in taxes, have to deal with the inevitable maintenance problems, and have to deal with the fact that we’ve spent all the savings we had saved for a down payment on a house.
The fact is that when homeownership happens, we have a lot of work to do. If you can get your house to be more attractive to potential buyers, you can afford to sell it. But if you can’t get your house to be more attractive to potential buyers, you can’t put in the time and effort to get it to be more attractive to potential buyers.
The reason your house can be more attractive to buyers is because maintenance and design are often overlooked by homeowners. If your house isn’t well maintained, well, it will be. And because it’s well maintained, it won’t be well-designed, so it won’t be attractive.
That is an interesting point. We’ve all heard that a beautiful home can be an asset to a seller, but not all buyers get the benefit of having an attractive house. If you want to sell a property and want to put the effort into making it more attractive to buyers, you should make sure you do that. You never know who will buy your home.