There will be no meeting of the Wake County Apartment Association in November. Perkins Restaurant has closed, but fortunately we were able to reserve the private meeting room at the Golden Corral on Glenwood Avenue for December 1st. I am excited we have a chance to move back to this location.
The manager was reluctant to reserve the room for us into 2012, but agreed to give our group a "trial run." We need to have a large group and everyone in attendance must eat. Basically...in exchange for the room reservation we need to show that our group brings a lot of paying customers so they will welcome us back.
I hope that most of you will go ahead and put 12/1 from 6 PM - 8 PM on your calendar. Details for the meeting will come in a few weeks.
Friday, October 28, 2011
Monday, October 24, 2011
Buying a house not part of the 'American dream' for some :: WRAL.com
Buying a house not part of the 'American dream' for some :: WRAL.com: Raleigh, N.C. —
The shaky economy has some college graduates rethinking the traditional "American dream" of buying a house.
North Carolina State University senior Ben Galphin is more focused on looking for jobs all over the country.
"Everybody strived for that coming out of school – get a job, buy a house, start a family, the whole thing," mortgage banker Jeremy Salemson said Wednesday. “Now, the reality is they are not finding jobs or not finding jobs that are paying enough to feel they can qualify for a traditional mortgage."
Many people are opting to rent, which homeowner Jackie Armstrong sees as a waste of money.
“I would encourage people my age to buy a house, because if I had not stayed here for 18 months and was renting, I would have spent around $18,000,” she said. “That’s a considerable amount. Even if I sell this for as much as I bought it 18 months ago, I'm still not throwing money away.”
Armstrong cautioned that people should be confident and stable in a job before opting for a mortgage, a big fear for 20-somethings in the recent economy.
“If things continue to go down, would I have a paycheck?” Galphin worried. “It's something where I don't want to be sealed in to a 20-year agreement with a bank and can't hold up my end of the bargain.”
Salemson said the Triangle housing market has fared better than other areas, in part because of the diverse work opportunities in the area.
Reporter: Tara Lynn
Web Editor: Kathy Hanrahan
The shaky economy has some college graduates rethinking the traditional "American dream" of buying a house.
North Carolina State University senior Ben Galphin is more focused on looking for jobs all over the country.
"Everybody strived for that coming out of school – get a job, buy a house, start a family, the whole thing," mortgage banker Jeremy Salemson said Wednesday. “Now, the reality is they are not finding jobs or not finding jobs that are paying enough to feel they can qualify for a traditional mortgage."
Many people are opting to rent, which homeowner Jackie Armstrong sees as a waste of money.
“I would encourage people my age to buy a house, because if I had not stayed here for 18 months and was renting, I would have spent around $18,000,” she said. “That’s a considerable amount. Even if I sell this for as much as I bought it 18 months ago, I'm still not throwing money away.”
Armstrong cautioned that people should be confident and stable in a job before opting for a mortgage, a big fear for 20-somethings in the recent economy.
“If things continue to go down, would I have a paycheck?” Galphin worried. “It's something where I don't want to be sealed in to a 20-year agreement with a bank and can't hold up my end of the bargain.”
Salemson said the Triangle housing market has fared better than other areas, in part because of the diverse work opportunities in the area.
Reporter: Tara Lynn
Web Editor: Kathy Hanrahan
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