Are You Afraid Of the Grass Being Greener On The Other Side?

November 20, 2008

“But what if mortgage rates drop next month…”, “I’d hate to pay too much for a home”, “I want to buy at the absolute bottom of the market…not a penny more!” “What if I buy now and then price go down again – I’ll be upside down within a few months!”

It’s human nature to want the best deal – the nicest house for your money – the lowest possible interest rate. But while caution may be good in choosing which stocks have good investment potential, many people lose sight of the fact that the primary reason for buying a home is to provide shelter for you and your family. Yes, I know that many have speculated in real estate over the last few years and cashed in on the escalating home prices. But those days are not these days.

Today your main motivation should be to find the best fit for your budget and your family. Does it really matter whether you pay 5% or 4% for a mortgage if you find a home that fits nicely into your conservative financial plan? Isn’t it more important to have a space for your daughter to practice the piano away from the noisy den than to have a cheap house with a floor plan that’s all wrong? Or wouldn’t you enjoy a beautiful shade tree in the back yard where you can hang a hammock more than a great deal on a home right next to a busy road?

Yes, there will be buyers who will buy at the lowest prices of the century and get a low mortgage too. But will they have the luxury of picking out a home that fits their needs, that nurtures their soul? Will they find a home that makes them go “Aaaaaah!” at the end of the day as they walk through the front door? Or will they merely use the space as a functional place to lay their head.

If you look to what makes a house a home, you’ll find that the grass is just as green, if not greener in a home chosen for love rather than money!

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Local Information for Park City, UT

Latitude: 40.659306 -- Longitude: -111.499828

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Park City is a city located in the state of Utah in the United States. It is one of two major resort towns in Utah, the other being Moab. It is considered to be part of the Wasatch Back and a part of the Salt Lake City metropolitan area. The city is 30 miles (48 km) east of downtown Salt Lake City and 15 miles (24km) from Salt Lake City's east edge of Sugarhouse along Interstate 80. The population was 7,371 at the 2000 census. Its estimated population in 2004 was 7,882. On average, the tourist population greatly outnumbers full-time residents. After a population decline following the shutdown of the area's mining industry the city rebounded during the 1980s and 1990s in the tourism business. The city has three major ski resorts: Park City Mountain Resort, Deer Valley Resort, and The Canyons Resort. The Park City and Deer Valley ski resorts were the major locations for ski and snowboarding events at the 2002 Winter Olympics. -- Source: Wikipedia.com

Utah 2000 Census Population Profile Map

	Park City	Utah	United States
Population	7,371	2,233,169	281,421,906
Median age	32.7	27.1	35.3
Median age for Male	31.6	26.7	34
Median age for Female	34.2	27.7	36.5
Households	2,705	701,281	105,480,101
Household population	7,358	2,192,689	273,643,273
Average household size	2.72	3.13	2.59
Families	1,688	535,294	71,787,347
Average family size	3.11	3.57	3.14
Housing units	6,661	768,594	115,904,641
Occupied units	2,705	701,281	105,480,101
Vacant units	3,956	67,313	10,424,540

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