| Title: |
10/10/09: Buying a House |
| Published: | Sat, 10 Oct 2009 |
| Description: | Rick talks to a caller about buying a house and being a first time home buyer. 10/10/09 |
" Let me show is online. Turned to Richie yeah. Saturday's one before Sunday's nine to noon on."
" Six months. Let's go to Danielle and Boston you're on 969 Boston talks I didn't yell what your question. Good which questions in --"
" I and I I am trying to figure out."
" He did -- you -- a speaker phone. No. He he -- those SI football food drink. I -- I. Go I'm I'm actually glad he did sounds better soghoian. "
" I came outside first time home -- into the current of the credit 8000 but I -- I'm brushing my election what I might. Think by not getting obviously and for the credit or act I'm looking at prices that are a little bit higher get into the for the."
" Good question. If you. It and that's why I've been telling people you've got about -- home this year probably should've started a month ago. When you what you want to buy if you if your first time -- and you qualify for the first time home buyer tax credit. Then you want to the obvious obviously take advantage of on the other hand he don't wanna buy what you have to do and it's hard to do. Because 8000 dollars lot of money but. What you have to do is if you -- looking to buy it -- first time home buyer. When you find a home that you want to buy you have to -- yourself and down and and look yourself in the mirror and ask yourself and be honest with the answer this question. If I -- to. If if it wasn't for the 8000 dollar tax credit when I'd be so quick to buy this home and if the answer is no then don't buy. That that that's what it basically comes down to see you it really comes down to question being honest with yourself because although 8000 dollars is isn't. -- healthy chuck jumped to change if you push yourself to buy a home that you never would -- or you'll almost certainly wouldn't of bought. If but for this 8000 dollar tax credit you gonna be gonna. Read read it down the road so so. You know. Continued to to have to look for the home. And if you find something you love and trying you can push it through within a month in in some cases. But don't push yourself to buy something simply to get the tax credit. --"
" Thanks for downloading and listening to the money show with the -- Come back coffins Boston's -- evolution by these 69 WTKK. It is fun line and on demand."
A caller asks Rick if he should gift his two properties to his children. 11/14/09
“…they haven't put anything into the college education. -- Oakland that they benefit if they picked it and the College Station and nice so that this -- role. If you worker in the summertime and honor all that well and and help but …”
“…I'm gonna sell it. But Hologic -- the kids. …”
Rick educates a caller on annuities. 11/7/09
“…type or almost exactly same type of investment. Product available without the drawbacks of annuities so. With -- the one exception I made which is the benefit. To the people sell them things. I don't think they're any benefits to annuities and yes there you are you gonna get people coming out of the woodwork trying to sell you a new -- And they'll come up with -- new names -- they have new types of -- all the times. All the time. Because they wanna sell because when they sound they make a lot of money but the fact of the matter is. All annuities have the same major drawbacks. . That virtually. They don't all have all of the say that the same drawbacks but they all -- have virtually all the same drawbacks and which make them a lousy product for people to be to be investing. Who the exception we make with annuities is to fall one. If you. If annuities part of a forward care for a three beats the site in the big good it just it lowers the the -- then it the negative it spreads and negativity around and in some cases very very. And minor. Limited cases they can be a part of Europe. Retirement. He returned planning your your health care. Many Medicare. Moon. Nursing home care. . Planning. But that's -- that's not -- that's not your question and that's not the issue here so now a new I don't like annuities I would not. And and and Susan I will retain that until they make -- a good investment. Which I don't pay …”
“…then I can I make the argument that putting money under the mattress is better than going into annuities annuities are lousy product I think they should be illegal. They're not. They're there a legal product but basically. Actually I'd I'd I'd …”
10/31/09: Buying a Foreclosed Home
Rick talks to a caller who wants to buy a house that is being foreclosed on. 10/31/09
“…depends on the lender depends on the bank to depends on pins and a lot of things you you keep you can't look at it that way you have to look at it from. From your standpoint is what is what would what would make it worth your while to buy it and if the lender says yes fine gentleman says no. Then move on. The -- …”
“…pitch com and I know how to load it and had an appraisal done approximately six months ago and I just didn't. …”
