Thoughtful article by financial journalist Robyn A. Friedman on whether it makes sense to pay off the mortgage as you approach retirement. Debt-free peace of mind Many of our clients have paid off their mortgage entirely, usually because they wanted the peace of mind of being debt-free. When we sit down to review their retirement […]
Tag Archives | real estate
Young Buyers Say Home Not As Sweet As They Hoped
Interesting CNBC.com article a few days ago on how 70% of young millennial homebuyers “regret” buying their home. That’s truly sad. It’s a huge purchase, and not one that can be easily or cheaply undone. So what’s turning what should be one of the happiest occasions of their lives into a major case of buyer’s remorse? These […]
How House-Smart Are You?
Relocating to a new area? When is it best to buy, and when should you stick to renting? We were just interviewed by AARP for an article on “How House-Smart Are You?” in the June 2018 AARP Bulletin. We were asked when it makes sense to buy, and when you’re better off renting. It’s a topic we […]
South Florida Luxury Real Estate Attracts Tsunami Of Foreign Money
File this under proof that we live in a truly global economy. It’s especially evident in South Florida, where some of our neighbors are likely to be foreign. Foreign investors spent a truly astonishing $7.1 billion on homes in South Florida last year, according to The Real Deal Miami. Where do those buyers come from? […]
Will The New Tax Bill Sabotage Northern Home Prices?
A quick read of the new tax bill shows that residents in high tax states like New York, New Jersey and California will lose out next year. Some of the new tax provisions may even prompt them to pack their bags and move elsewhere. Worse, those who stay behind may find their home values knocked down […]
The 20% Down Myth, And How You Can Now Buy A Home With Much Less
One of the biggest misconceptions about buying a house today is that you need to make a 20% down payment. And let’s face it. That’s holding back a lot of potential homeowners, especially first-time buyers, who just don’t have that much cash in the bank. But the facts are that while a 20% down payment is […]
Fort Lauderdale Real Estate Is Hot, Hot, Hot!
Fort Lauderdale, once known as the nation’s spring-break capital, is now attracting business moguls seeking waterfront footage, tax breaks, beautiful weather, and a quieter scene than Miami’s South Beach. Business writer Robyn Friedman showcased Fort Lauderdale’s new look, and its multi-million dollar real estate properties, in last week’s The Wall Street Journal. Prices continue to rise in […]
Quote of the Week: Millionaires Keep Housing Costs Down
“There are three times more millionaires living in homes valued under $300,000 than are living in houses worth $1 million or more.” CNNMoney.com Magazine, July 2012, “101 Ways to Build Wealth” Financial Tip: Don’t be house poor! Spending too much on your home can sabotage your long-term wealth building plans. The CNNMoney article (quoted above) reminds readers that “historically, stocks […]
What To Expect When You’re Expecting a New Home
Real estate analysts say homes have not been this affordable since 1971, and there’s no question that mortgage rates are rock bottom. But you’ve probably also heard that today’s real estate and mortgage markets can be full of “gotchas,” endless hurdles to jump through, and unexpected twists and turns. That’s all true, but there are also some great deals and […]
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About Mari Adam, CFP®
Mari Adam, Certified Financial Planner™ and President of Adam Financial Associates Inc, has been helping individuals and families chart their financial futures for twenty five years. Mari has appeared in publications such as Business Week, CBS MarketWatch, Wall Street Journal, Kiplinger’s, Newsweek, and Money Magazine.
