How To Buy A Happy Home: Life Changing Myths & Mindsets
- No special knowledge or tools are required.
- An interest in home buying and creating your own happy home.
Schools don't teach people how to choose a life partner, manage money or buy a house. We simply learn by doing...often with devastating results. Online learning is such a great resource and offers those with experience and knowledge a platform to help others. This course contains the wisdom I would share with my younger self if that were only possible. Over the years I have made both good decisions and poor decisions on house purchases. As a real estate Broker in California I have helped hundreds of people buy a house and I understand the way we all think during this exciting and demanding life choice. Take these lessons to heart and it will change the course of your life. I guarantee it.
This is a fast paced and easy introduction to how people view the purchase of a house and how you can view it more realistically and productively. Most of are raised to want to buy a house and feel safe, secure and settled. I can tell you from personal experience, buying the wrong house will leave you feeling unsafe, insecure and unsettled while you lie awake at 3 AM feeling a crushing sense of dread. Been there, done that. While I am truly an advocate for home ownership, it really is only viable at the right time, under the right circumstances and with the right house.
Buying a house is only one part of building the home you dream of living in. Dream homes are about people, relationships, experiences and creating memorable moments. If you are not living happily now, a different house is not the solution to your problem. Spend too much and commute too far and your life will change in ways you never imagined.
This is a starter course to introduce students to where we go right and wrong when buying a home.
While many of us have a romanticized image of finding our 'dream home', the reality is life comes with challenges. Anticipate and plan for them. The Social Security Administration says that only 5% of workers at retirement age will be financially independent, Bankrate has documented that 76% of Americans live paycheck to paycheck and half of all marriages end in divorce. It's not the regular latte's that do the most damage, it is getting the big decisions completely wrong wreak havoc on the lives of unsuspecting house shoppers.
Buying a house is a big and exciting transition, and is particularly important for launching each of us on the right path for a happy and successful life. House choice has a large impact on your family's future, both personally and financially so this is something you want to get right.
I teach and coach home buyers across the country on balancing a house purchase with life goals. As such I seek one of three outcomes.
1) You cheese not to buy a house. If it's not the right time or circumstances, don't do it now. Wait until the time is right for you.
2) You buy a different house. Most home buyers overspend or add too much to their travel time. I encourage people to buy a house that leaves money and time for more important things in their lives... like people and experiences.
3) You buy the same house, but you are different. Choosing to make a house a priority is just fine as long as everyone understands and anticipates the challenges and sacrifice this will call for. Go in eyes open and informed and you will better prepared for a happy home life.
If you're thinking about a house, take this course...you'll know right away that this is life changing wisdom.
- This is an introductory course for anyone exploring the idea of buying a home.
- First time home buyers will find buying a home a better experience.
- Students looking to make more balanced home purchase decisions
- First Things First: Getting your priorities straight when buying a house05:55
- House vs. Home05:37
- The Best House vs. The Right House04:33
- Shopping vs. Planning: Happy lives are planned, not purchased05:24
- The Best Things Aren't Things...and houses are things.06:54
- Tme & Money07:03
- Financial & Life Planning07:14
- Myth 1: Everyone should aspire to owning a home07:34
- Myth 2: You are not buying the life you imagine or the time to live it.05:38
- Myth 3: Nicer houses make better homes05:29
- Myth 4: Renting is throwing money away07:03
- Myth 5: The bank knows what you can afford05:36
- Myth 6: You thought buying a house was your idea07:02
I am the Broker and Owner of Charter~Home in Sacramento. I grew up in southern California and attended Occidental College in Eagle Rock, CA (near Pasadena).
I spent 20 years as a consultant out of New York advising corporate clients and travelling the country. Over the years I ended up developing a pretty impressive client list including American Express, Pitney Bowes, the US Postal Service, along with every major New York advertising agency (my field, think Don Draper) including Young and Rubicam, Wunderman Cato Johnson and Foote, Cone & Belding. As an independent consultant, you sell advice and expertise and commonly a day or two at a time. As a “consultant” you are expected to know your stuff and solve problems far greater than your fees. So when the client pays $5000 plus travel expenses for you to tell them something…they’re expecting you to tell them something valuable. I was routinely asked to speak at conferences and conventions in my field of expertise and wrote articles for trade magazines. I believe that surviving, and even thriving at this for 20 years demonstrates a strong work ethic, the ability to prove substantial value and a large number of appreciative clients.
As anyone who has ever travelled extensively for work can tell you, the excitement wears off. Des Moines is only marginally interesting the first few times, and that’s largely because I’m easy to entertain. I have seen most American cities many times. Actually, I have seen the airports for and board rooms in most American cities many times. In 2004 it was time to find something new and exciting, a field where my work ethic and problem solving skills could have a genuine impact on peoples’ lives… but with less travel. I chose real estate.
The career change was combined with a move to my home state of California and for a variety of reason I chose Sacramento. I was able to enjoy about a year of a market like I had never experienced. Then came the crash.
Over the past decade I have become a student of what I believe is the greatest financial scandal in world history. The soaring growth and sudden collapse of home values is the product of what I believe to be fraud and abuse by investment banks selling securitized subprime debt to unsuspecting investors around the world. With US Treasury Bills yielding roughly 1%, investors pumped trillions into the mortgage market, lowering lending standards and creating the housing bubble. I would advise caution getting me going on this subject…you’ll get an earful.
Suffice it to say, I feel I have found my home and purpose. I now counsel home buyers across the country on the values and priorities in choosing a home that supports the life they are working to create.
I take my work very seriously. In recent years, home ownership has had a disastrous financial impact on the lives of millions of Americans. It’s time to fix that…one family at a time.