December 16, 2010 by Dorcas Haldberg
I was just talking to a friend of mine about finances. We started talking about real estate in Marietta. He was telling me his feelings about real estate foreclosures. Apparently, he is all for them.
This is his reasoning: people shouldn’t buy what they don’t have money for. If you don’t have enough money to pay for what you have bought, then you deserve to lose it. I agree with him, but only to a certain extent.
I don’t think that anyone should put money that they don’t have into anything. If you don’t have it, don’t buy it. Don’t buy things on credit. I don’t own a credit card right now, and I’m perfectly happy with that. It keeps me from spending that I don’t have and getting me into a lot of trouble.
However, I realize that real estate is different. Especially real estate in Marietta. Have you see the houses for sale down there? It’s crazy how big they are. I think that it is ok to have a first mortgage, but anything more than that is ridiculous. Even that first mortgage should be for a reasonable house. And even then, you should have enough in savings to cover you for several months should you lose your job.
That’s all I have to say about real estate in Marietta.