Roseville, Rocklin, Lincoln, Loomis, Granite Bay - Placer County, California - Real Estate Blog - Souza Realty

head_left_image

The "New" American Dream...It's No Longer Simply Homeownership

The "New" American Dream...It's No Longer Simply Homeownership

Once upon a time, the American Dream was simply becoming a homeowner. Since the real estate market crash, I think that the term "homeownership" has become a bit muddled. Can you really reap the benefits of homeownership if you owe 150% of your home's value? What if your monthly payment is twice as much as market rent for a similar home? That's not a dream I'd like to have. Personally, I think that should be called the American Nightmare.

Anyway, here are a few components of what I think should be a part of the "New" American Dream:

  1. Own everything you have. Buy nothing on credit, so it doesn't matter whether or not the credit bureaus continue to exist. If you can't afford it, live without it. Live within your means. When it comes to housing, this may not be easy (depending upon prices of homes where you live) but perhaps downsizing would make it more affordable.
  2. Be self-sufficient. Grow your own veggies, herbs, fruit trees. If you can, have some chickens for eggs and cows for beef. Get a photovoltaic solar system, so you're not at the mercy of the rising energy rates. The less you have to rely on others, the better off you'll be.
  3. Prepare for disaster. This not only means having an action plan for your family in case of emergency, but think how you will survive if you could not go to a grocery store for a month or longer. Stockpile canned goods, buy freeze-dried emergency food kits, think about getting a rainwater filter system, consider a solar powered generator and make sure you have a long-lasting supply of all your essentials.

I think anyone who is fortunate enough to accomplish these things is indeed living the American Dream!

Page copy protected against web site content infringement by Copyscape

BOB & LEILANI SOUZA
Real Estate Investment Specialists
Southwest Placer County, CA

Souza Realty, Bob & Leilani Souza - Real Estate Investment Specialists in Southwest Placer County, CA

Bob Souza - 925.513.3400 - bob@souzarealty.com

Leilani Souza - 916.408.5500 - leilani@souzarealty.com

Souza Realty - Real Estate in Roseville, Rocklin, Lincoln, Loomis and Granite Bay, CA

FORECLOSURES : TRUSTEE'S SALE AUCTIONS : INVESTMENTS
LOTS AND LAND : PROPERTY MANAGEMENT : RENTALS

Roseville : Rocklin : Lincoln : Loomis : Granite Bay
Auburn : Newcastle : Penryn : Meadow Vista
 

Souza Realty on Facebook   Leilani Souza on LinkedIn   Souza Realty on Trulia   Souza Realty on Twitter   Souza Realty on YouTube   Souza Realty on Zillow

SEARCH CALIFORNIA FORECLOSURES FOR FREE:

Search Foreclosures in Roseville, California   Search Foreclosures in Rocklin, California   Search Foreclosures in Lincoln, California   Search Foreclosures in Loomis, California   Search Foreclosures in Granite Bay, California

Copyright © 2002-2012 Souza Realty | All Rights Reserved | DRE #01262541

184 commentsBob & Leilani Souza • December 09 2010 04:05AM

Comments

Aloha Bob & Leilani,  Good advice especially here in Hawaii where we are so very dependent on outside sources. I do a little vegatable gardening, at least as much as time permits and prepare a hurricane kit every year.

Posted by Maureen Fukumoto, Maureen (Help-U-Sell Realty Pro) almost 4 years ago

Aloha, Maureen! That's great that you make a habit of preparing an annual hurricane kit...that is one of the natural disasters most likely to happen in Hawaii. Vegetable gardening must be delightful with the year-round sunshine you have in the Aloha State! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Self sufficiency is a lot of work but has a good feeling to it. I recently visited an Amish family that had dug a pond so when it freezes over they hand cut enough ice from it to keep their ice boxes frozen for the next year. I was amazed at their resourcefulness. Makes you stop and think about how easy we have it.

Posted by Randy Ostrander, Real Estate Broker, Serving Big Rapids and West Central MI (Lake and Lodge Realty LLC ) almost 4 years ago

Simple  message that only the wise will hear . . 

We are going into unchartered territory as professionals. . and the road is cloudy. . your post is a breeze that gives us a glimpse of what is to come. .

Posted by Fernando Herboso - Broker for Maxus Realty Group, 301-246-0001 Serving Maryland, DC and Northern VA (Maxus Realty Group - Broker 301-246-0001) almost 4 years ago

Bob & Leilani - Growing up my parents never used credit cards, if they couldn't afford it, they didn't buy it.  They have no debt and their home is payed for... I guess my father did know best.

 

Posted by Debbie Summers, MoveToLakeMary.com or 407-758-1020 (Charles Rutenberg Realty - Orlando, Florida) almost 4 years ago

It is important to stay debt free since refinancing and borrowing against their homes was responsible for so many of the problems that people had.  Credit cards are necessary to function in society but I pay the bill off every month and really have no debt. 

 

Posted by Claudette Millette, Buyer, Broker - Metrowest Mass (The Buyers' Counsel) almost 4 years ago

Spot on!  I live out in the country where my neighbors and I take great pride in gardening and canning and the simple life. Though it's not a mainstream idea in the Fayetteville area (military town), many of my friends and family back home in Indiana have complete embraced the idea of everything you have being yours.  Great post!

Posted by Amanda Simpson (Keller Williams Realty) almost 4 years ago

Leilani, indeed it is a NEW American Dream...I am thinking of starting a garden, we have the land. My only problem is the deer..but that's why we have fences :)

Posted by Rebecca Gaujot, Realtor®, Lewisburg WV Real Estate, Greenbrier County (Coldwell Banker Stuart & Watts Real Estate) almost 4 years ago

Unfortunatley, I live near the big city - so much of what you suggest just isn't possible.  I have an herb garden of sorts, but I think that the days of no money down are well and truly behind us - thankfully.

Posted by Ruthmarie Hicks (Keller Williams NY Realty - 120 Bloomingdale Road #101, White Plains NY 10605) almost 4 years ago

Great point of view. Our veggie garden in the backyard has seen us through several winters, and they're organic!

 

Jane Pacheco

Posted by Jane Pacheco (Pacheco Realty & Financial Services) almost 4 years ago

Despite the current situation, I think home ownership still has its benefits, but people should not buy homes they plan to live in as just an investment or to make a quick killing in a short period of time. Rent is a complete waste of money for the long term. If your mortgage is 150% more than the value of your house at this point in time and you plan on being in your house for ten years (for example) there will be a time when you would have paid down the principle and eventually seen at least some appreciation.  While renting you may have paid over $100,000 in rent and have nothing.You would get something back from owning that home not mentioning the fact that the home is yours and you don't have to ask your landlords permission to change the paint color. You would still be writing off your taxes and interest. Something, along with all other expenses) that the landlord gets to do to add to his/her overall cash flow.

On the other stuff, it sure can't hurt.

 

Posted by Tom Robinson, Experienced Real Estate, Professional Serving No. VA and DC (Keller Williams Realty Kingstowne/Alexandria, VA Office) almost 4 years ago

Excellent post! The new American Dream is the same as the original American Dream: FREEDOM! All of your components to the "new" American dream influence our capacity to be free. When we allow ourselves to become subject to the demands of others (debt collectors, energy providers, etc.) our freedom becomes limited. Self-reliance is true freedom. Home ownership can be a cornerstone of that freedom.

Posted by Utah Dave, Homes for Sale - Utah (UtahDave.com Neighborhood Experts) almost 4 years ago

Nice post. What about the homeowners that bought their house before and after the bubble and have equity. I find it funny that the media and experts seems to forget that not everybody bought in the hype. I think that we should all buy things outright or if it is a large purchase like a home or a car put a substantial amount of money down. I think that all of these reality shows make people especially younger people what life is all about. The part about being self sufficient or at least know what to do is great. I do not think that my HOA would allow a cow in the yard..lol

Posted by Trevor Puskar (Realty World Homes of Distinction) almost 4 years ago

Good post, Bob & Leilani.  Each year, we are changing over to at least one solar supplier for our home.  It really does make a difference in the monthly bills.  I highly suggest at least changing over to a solar water heater or investing in those "hot water" on demand add ons. 

Posted by Juli Vosmik, Scottsdale/Cave Creek, AZ real estate 480-710-0739 (Dominion Real Estate Partners, LLC, Scottsdale, AZ) almost 4 years ago

Outstanding message...we should all be so independent. I for one would rather be the "ant" than the "grasshoppers" when the winter sets in.

Posted by Ed Newton (RE/MAX Prestige Real Estate) almost 4 years ago

Wait a minute.  The 'Jones' family lives right around the corner from us, and this plan will NOT let me keep up with them.

I must have a bigger home, faster car, better looking wife (which I do, he he), and be ultimately superior in every way!

Your plan is "crazy talk"!!  ;-)

Posted by Phil & Celeste Pafford, Corona Short Sale Broker (PaffordHomes.com, Corona CA) almost 4 years ago

For many, just the opportunity to live the dream is the dream itself. thank you for the post

Posted by Jeremy Gryvatz (RealWorks Residential Brokerage) almost 4 years ago

My American Dream is to dig out of the hole real estate and the economy have put me in, and yes, to own everything and never be in debt.....

Heavy sigh!

Midtown Atlanta Real Estate

 

Posted by Thom Abbott, Midtown Atlanta GA Condos For Sale (MyMidtownMojo.com |770.713.1505 | Intown Atlanta GA Condo Living) almost 4 years ago

Bob & Leilani - I think the American Dream started drifting away from home ownership in the 90's. I was in a profession where there were a lot of people that got rich from stock options related to the dot.com and high tech bubble. Most of the younger (under 30) ones bought expensive cars, trips, toys, and just spent a lot of time clubbing and enjoying the cash. Many of the older (30+) bought larger, more expensive homes. A few, like me, spent some and then put the rest into investments elsewhere. Well, I have no debt, home is paid off, vehicles are paid off. I do need to work on being more self reliant and stockpiling. Great post.

Posted by Mike Saunders (Lanier Partners) almost 4 years ago

It always makes me wonder how the guy down the street who makes $8 an hour at the grocery store can buy a new BMW. BUY WHAT YOU CAN AFFORD!!

Posted by Aaron Seekford, Arlington VA Homes 703-836-6116 (Arlington Realty, Inc.) almost 4 years ago

You summarize this well. I know many people who agree with you and are working toward the items you mention!

Posted by Dylan Snyder, Palm Beach County Real Estate (Snyder Group/Illustrated Properties ) almost 4 years ago

Amen Bob.  We are now like our grandparents who are products of the Great Depression, saving aluminum foil.  I think that we will never again be the same.  Debt that seemed like no big deal in 2006 is now something that makes me sick to think of all of the money we "wasted."  Maybe not wasted, but spent on extras that we enjoyed back then, but now what we would do to have all of the money those massages, facials, expensive weekend trips and fancy car washes costed us. Thanks for speaking out on a subject that even though we sing the blues, we need to be making oathes that we will not put ourselves and our children in these messes again.

Posted by Heather Littrell, ABR,GRI,SRES Cabarrus County NC (Keller Williams) almost 4 years ago
Ah. The new American dream may be the solution
Posted by Ernie Hernandez, Central Texas Real Estate, NW Austin, Cedar Park (RE/MAX) almost 4 years ago
Sounds nice....like a dream. But that's the premise? I always wanted to own land and farm it....be completely self-sufficient.
Posted by Karen Fiddler, Broker/Realtor, Laguna Beach & Lake Arrowhead, CA (949)510-2395 (HOM Sotheby's Intl Realty, 949-510-2395) almost 4 years ago

Congrats on the feature-sounds like a great goal indeed!

Posted by Debbie Walsh, Hudson Valley NY Real Estate 845.928.8000 (Keller Williams Realty) almost 4 years ago

Bob and Leilani, some very good points. Hopefully, these are a dream that can come true. Thanks.

Posted by Michael Setunsky, Your Commercial Real Estate Link to Northern VA (Michael's Commercial LLC) almost 4 years ago

Congratulations this post is now featured in the Silent Majority Group of Active Rain.

Posted by Nicholas Goglucci, The Listing Whisperer (South Florida Real Estate & Development, Inc.) almost 4 years ago

I agree wholeheartedly and would add that living with less is key as well.  It may not be feasible for many to be self-sufficient (gardening in NYC could pose a problem) but learning to live happily with less goes a long way towards the kind of fulfilled life that we are all trying to foolishly purchase rather than create.

Posted by Dee Bundy and Leslie Leis Northern Colorado Home Team (Fort Collins Realtor @ ERA Herman Group Real Estate NoCo) almost 4 years ago

Hi Bob,  Getting folks to follow your terrific suggestions will be a litlle bit of a challenge !  Living within your means is still a great idea !

Posted by Bill Gillhespy, Fort Myers Beach Realtor, Fort Myers Beach Agent - Homes & Condos (16 Sunview Blvd) almost 4 years ago

The majority of people can't raise their own livestock for food, or raise chickens in city limits, etc.  They do have farm co-ops popping up.  Many people can't grow their own vegetables either.  But they do have community gardens.   Both farm co-op and community gardens are great alternatives for those that really do want to live off the land, and not the super market chain. Local farmer's markets are also good alternatives for cheaper, fresher produce.  Good advice about credit cards, and living within ones' means.

Posted by Carla Muss-Jacobs, Principal Broker/Owner, Buyer Focused ~ Buyer Results (BuyersAgentPortland.com | (503) 810-7192 Portland Metro Exclusive Buyers Agent | 100% Buyer Representation ~ 100% of the Time) almost 4 years ago

Aloha.

I still like to think that owning a home is still a part of the American Dream, but it's certainly not the end all, be all.  I like your post and what you had to say.  I think in this economy we need to become less dependent on credit and become more resourceful. 

Posted by Kimberly A Norgard (Devlin McNiff Halstead Real Estate) almost 4 years ago

Some people said NEVER fully own your house due to the interest deduction and property tax deduction, but many homeowners are living the AMERICAN NIGHTMARE. There is peace of mind with complete fully paid off home ownership. Staying out of debt the best you can in many areas is SMART.

Posted by Gary Woltal, Assoc. Broker Realtor SFR Dallas Ft. Worth (Keller Williams Realty) almost 4 years ago

Leilani, great blog with a great subject!     The dream of home ownership is a great feeling!

Posted by Joan Cox, Denver Real Estate - Selling One Home at a Time (Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373) almost 4 years ago

The value of home ownership has definitely been called into question in light of the current market. If you can own your home outright, you are definitely in a better position to whether the vagaries of the economy.

Before the advent of the FHA in 1937, all home purchases were cash. Most people never owned a home in their lifetime. A family needed to save up to buy a house. And that house was a lot more modest than what we all believe we can't live without today.

Imagine how much better off we would be as Americans today, if we all had to pay cash for our purchases. We wouldn't need credit card companies charging us exhorbitant interest rates, we would all be better savers, we would likely better appreciate what we did have and we would not be in the economic mess we now find ourselves in.

Got a solution?

Tod Hunt, Broker   The Atlas Group  Medford, OR

 

Posted by Tod Hunt, ABR - Rogue Valley Real Estate (Home Quest Realty) almost 4 years ago

Great post. The positive effect of down economies is that if allows us an opportunity to reevaluate how we live are lives. Living within our means is going to become the new "cool".

Posted by Brad Snyder (Sierra Vista Realty) almost 4 years ago
Hi Bob and Leilani~ I am happy to say we are well on our way and moving in the right direction! I can't wait to get all the way there!
Posted by Vickie McCartney, Broker, Real Estate Agent Owensboro KY (Maverick Realty) almost 4 years ago

Bob & Leilani

Excellent advice.  It is so critical to be in control your own destiny.  Only buy what you can actually pay for and you will be a lot happier!

All the best, Michelle

Posted by Michelle Francis, Realtor, Buckhead Atlanta Homes for Sale & Lease (Tim Francis Realty LLC) almost 4 years ago

I think this is a global dream, not just an American one.  Britain, a country where people did not use credit when I left it is riddled in debt.  Well put, Leilani.

Jane in L.A.

Posted by Jane Peters, Connecting you to the L.A. real estate scene (Power Brokers Int'l) almost 4 years ago

Good post, Leilani. I have also gotten YouMail set up on my Dad's phone to work with his NEW iPAD. Way cool.

Posted by Cheryl Ritchie, Southern Maryland 301-980-7566 (RE/MAX Leading Edge www.GoldenResults.com) almost 4 years ago

Amen on all counts! We have come full circle. In the 90s, debt was easy and "in".  Debt now bad!  Me no like debt.  And, no pun intended, consumers are paying for their debt in more ways than one!

Posted by Alex Morris - Austin Real Estate Agent almost 4 years ago

Wow, Randy...that is quite a story about the Amish and their "ice boxes"...you're right about them being resourceful! Now we have "icemakers" and even "ice dispensers" whereas when I was growing up, we still made ice using ice cube trays. :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Fernando, even on reality TV shows like the "Real Housewives" series, I've seen the "once very wealthy" go through short sales, foreclosures, car Austin Martin repossessions and downsizing due to financial reasons. So I think you are right when you say my post provides a glimpse of the future. Thanks for your comment! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Debbie, your father DEFINITELY knows best! Not having a mortgage is a terrific way to remove stress from your life. :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Claudette, although I don't think I'd go as far to say that credit cards are "necessary" they sure make life a lot more convenient! I have two credit cards (which I also pay in full every month) that I got for cashback rewards...one for 5% off my cell phone bill and another for 4% off gas. Both offer 1% off everything else. :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

You are very lucky, Amanda! Life in the fast lane is NOT for me...the simple life is my destination. I can't wait to start my garden and I'd love to learn how to can one day! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Oh, deer (pun intended!) Rebecca...deer are a problem when it comes to veggie gardens, but you're right about fencing. It works! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Ruthmarie, I think those of us who live in urban areas definitely are challenged when it comes to being completely self-sufficient...but we all can strive to be debt-free and prepare for disaster! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

That's great, Jane! You're also right about being organic...and there's nothing better than completely knowing what you are eating, which you can't do if you don't grow, prepare and eat your own food. :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Interesting point, Tom...your scenario probably works for some, but ONLY if the person can afford to make their payments for the next 10 years. If they can't, they'd be better off selling that home and downsizing to another home that they can afford. I also think this depends on the price range...if someone owes $1.5 million and their home is only worth $1 million, they may not even live long enough to see any equity! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Thanks, Dave! You are absolutely right...the missing word from my post is indeed FREEDOM! I couldn't have said it better myself...thank YOU! If I could "feature" your comment, I would. :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Trevor, I know of people who bought at the TOP of the market, but since they put a substantial amount (40-50%) down, they have equity. Also, you're right about your HOA...I doubt if there are ANY that would allow cows! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Juli, living in a sunbelt state like Arizona sure has its advantages when it comes to year-round solar power...kudos to you for changing over! Thanks for suggesting the solar water heater, I haven't really looked into those...we planned on having an on-demand water heater installed next year. :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Ed, your comment somehow brought back a vague memory of a children's book I remember reading many years ago...were you referring to one that had an ant and a grasshopper? :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Pafford, continuing along the lines of your clever sense of humor...I forgot to disclose that my post does not apply to OC residents, so you're oaky! ;p

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

You're welcome, Jeremy...and I agree with your comment! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Thanks for sharing your American Dream, Thomas! There is always a way out...it just depends how bad you want to get out of the hole. Don't expect to jump out in one bound, think baby steps. :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Ahh, yes...the dot com days, Mike...Monopoly money at its best! I'm so glad you acted wisely and you have done VERY well financially, if I may say so myself. You are living the American Dream, so I know you'll continue to live it by learning to be more self-reliant and stockpiling. :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Aaron, I'm not familiar with auto financing, but I would doubt that $8 an hour guy would qualify for a new BMW nowadays? I would sure hope not, if that was his only income...but perhaps someone else is financing it or co-signing for him, who knows! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

That is great to hear, Dylan...I hope MANY MORE people start working towards what I interpret to be the "New" American Dream! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

You're right, Heather...this is the modern day Depression. My mom wasn't a part of the Great Depression, but she was always thrifty and seemed to make everything go a long way. She even used to cut napkins in half when I was growing up and guess what? No, I don't cut napkins...but I have to admit that I do cut my Olay daily facial wipes in half! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Yes, Ernie...I think if more people lived the new American dream, that would solve many problems we currently have! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Karen, just imagine how worry-free our lives would be if we didn't have to worry about being able to provide housing, food and clothing for ourselves and our family. With a home that's owned outright and food that comes from the land, the clothing budget should be fairly easy to handle. I've also wanted to own land and farm it...but only for the last couple of years. It hasn't been that long since I saw the light! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Thank you, Debra! You know your post has been featured when you receive a lot more comments than your other posts usually get...or when someone like you congratulates me on the feature! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Michael, we're doing our best bit-by-bit to make this "New" American dream come true...I hope this post inspires others to do the same! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Thanks for the feature on Silent Majority, Nicholas! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Dee, that is a excellent point about living with less! It should be #4 on my "New" American Dream list! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Bill, the bigger the challenge, the greater the rewards! I think it's a step in the right direction to get people to read my point of view, it's an accomplishment to get them to agree with it, and it's a victory for them to follow my suggestions! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Thanks for bringing up these innovative ways for people to become involved in farming, Carla! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Kimberly, I think that owning a home has always (and hopefully always will be) a part of the American Dream...it's just the "definition" that has changed, for me at least. Here is the sequence of homeownership and how I see it has changed throughout the years:

  1. You owned your home outright because cash was the only way to buy it.
  2. You had at least 20% equity in your home because of the required downpayment.
  3. You are a homeowner "on title" if you got mortgage with no money down and any equity was a gamble you took that the bubble would continue to inflate.

When the bubble burst, these people were faced with negative equity and/or exorbitant rates on their ARMs that have matured. These homeowners "on title" are the ones that I would hesitate to call homeowners in the way that homeownership is beneficial to them. JMHO! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Gary, I used to be one of those people that you mention...but I've changed my tune! Now I think that your primary residence should be paid off (or at least you have the ABILITY to pay it off with your liquid assets) but if you want to carry a mortgage on your investment properties, it's okay. At least the roof over YOUR head that's paid off will provide peace of mind! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Thank you, Joan...I appreciate you stopping by and commenting! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Wow, Tod...thanks for your excellent insight and valuable information in your comment! Like I said in an earlier comment, I wish comments could be featured because yours deserves it! :)

As far as a solution, we could start out with the people AND the government living within our means with cash and not credit.

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Brad, I completely agree...and we have done exactly what you mentioned! :)

Leilani

P.S. It's been great reading so many excellent comments on my post, including yours! :)

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Woo-hoo, Vickie...WOO-HOO for you!!! :D

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Yes, Michelle...we do think alike when it comes to money! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Jane, I appreciate your input about Britain...I wasn't aware of this. Somehow or another, people seem to follow their government. Years ago, America did not have much debt and neither did its people. Now, America is in the most debt that it's ever been in...and so are its people. Just an observation! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Great to hear that you set up YouMmail on your Dad's phone, Cheryl...it is way cool! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Alex, you are so right on all counts! Me no like debt too. :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

I'm so fortunate to have my grandmothers until they were in their 90's. Both lived threw the Great Depression. I'm not sure they would say this is the 'new' American dream. What you have written above is what they would call 'good ol' fashion values' Great post!

Posted by Dena Stevens, Putting The Real Into Realtor Since 2004 (Century 21 Canon Land & Investment) almost 4 years ago

That is a good plan. I like the part about avoiding credit cards when you can. Put it might not always be practical. If you want to buy online, you have to use a credit card. Debit cards are becoming more common, though.

As for growing your own, yes urban dwellers can probably grow a few veggies and herbs, but I can't see raising chickens in an apartment. Plus, I grew up on a farm. Chickens are stinky, and messy to kill and pluck(de-feather). I can't see many people doing that.

But we do need to look at ways to be more self-sufficient. Thatnks for a thought provoking post. 

Posted by Ann Cordes (Towne Adams, Realtors) almost 4 years ago

Sad but becoming more increasingly true.  I cannot raise crops because the soil is too sandy and crops will not grow in sandy soil.  I do however have three tomatoe plants, some watermellon and corm growing in pots, and I have thought about growing vegetqbles in a hydroponic greenhouse for a business.

Posted by Pat Yoest, 702-521-1442 (Century 21 Aadvantage Gold, 702-719-2100) almost 4 years ago

Really?? Shall we all just go back to the stone age? I guess that we should just turn off our computers, throw up our hands and head for the hills. I read the active rain posts regularly, but have never responded to anything before, I felt that this merited some sort of comment. I looked at Wikipedia for a definition of the golden mean-" the felicitous middle between the extremes of excess and deficiency" .

Posted by Harry Moore, keeping clients first... (Long and Foster Real Estate) almost 4 years ago

Great Post! We are living in what has been called the "new normal" meaning living within our means. If you don't have the money for a new XBox or a Caribbean Cruise then guess what...you can't do it. Simple. However it was normal to go into debt, to expect that we could go to the Best Buy when we wanted, no matter if we really needed the item or not. This is why the lay-away plans are back and why the credit card companies are panicking because as Americans we are learning to live without, it's a slow process but hopefully we have all learned from our past mistakes.

Posted by Ed Petrie, MBA - 800 Short Sale Approvals+ (IPS, Short Sale Negotiator, Myrtle Beach, SC -) almost 4 years ago

I have long advocated doing away with the cliche' "American Dream" as we have known it.  Since the inception of that term, the American Dream has transcended and homeownership is now only part of that dream.

Posted by Charita Cadenhead, Serving Jefferson and Shelby Counties (Alabama) (Keller Williams Realty) almost 4 years ago

Bob and Leilani:  Very nice blog.  I'm sure you'll get both sides of the spectrum answering in on this one.

It can't possibly hurt to be prepared because as we saw in the Northridge Earthquake and in the aftermath of Hurricane Katrina...it takes a while for the Cavalry to get there.

That being said, this Economic Hurricane will pass, not as soon as others, but eventually.  All of us will need to learn to live within our means and all will be wonderful.

We live on the Correct: Planet, in the Correct Time, on the Correct Hemisphere, and Quadrant, and in the Correct Country.

What has the makings of a great recovery will begin when those with the levers of power realize what Grandma always said:  Your Scab won't heal if you keep scratchin' it!

Those in power need to STOP doing so much and let the economy heal.

 

Posted by Tom Waite, So Cal-Apartment Bldg Investments (Thomas Waite Real Estate Broker) almost 4 years ago

Hi Leilane,

Good thoughts, Less debt and dependance is are excellent things.  Congratulations on your feature

Bill Ladewig

Posted by Bill Ladewig, Experience Is Your Advantage almost 4 years ago

Great Post.  And as much as I hate to give thought to what might be ahead, I think more and more people are doing just that.  We have had years of entitlement mentality.  I saw this coming long ago with the credit cards.  I think many people are already doing some of the things you suggested and they are excellent ideas.

I think your suggestions are good ones, but I would like to add that there are many people who do have the money and can afford to make purchases and I wish they would do so.  If we all pull in the reigns it will create even more problems for our future.  It is part of the reason our economy is at a halt.  If we don't buy, companies have no reason to hire.  If we don't buy, people lose their jobs.  If people lose their jobs, they can't afford to buy and so on............

I think we need to have a healthy balance between caution, prudence and panic.


Just my thoughts.

Posted by Linda S. Cefalu, Broker Assoc. (Coldwell Banker Homesale Realty) almost 4 years ago

The perception is the American Dream means owning lots of stuff. Credit was seen as a way to obtain that stuff. In reality we actually need very little, but we want so much. Getting back to basics is good advice.

Posted by James Quarello, Connecticut Home Inspector (JRV Home Inspection Services, LLC) almost 4 years ago
Leilani - This sounds like a great dream to me. Being self-sufficient is very appealing.
Posted by Christine Donovan, Broker/Attorney 800-610-7253 DRE01267479 - Costa M (Donovan Blatt Realty) almost 4 years ago

Sounds like the old American dream to me - of course I grew up with my grandparents fully stocked fruit cellars and smokehouse and watching my mother and all 12 of my aunts and uncles can for the winter months when fresh was not available.  I'm all for the basics but this is 2010 not 1910 or 1950 when some had fully stocked bomb shelters which were useless but comforting.  We need to figure out whatever is practical in the here & now.  Growing crops and raising chickens on the less than a quarter acre lot that is the norm in Wilmington may not be possible and likely isn't allowable in the HOA covenants. 

Buying a home was once a less risky proposition because buyers could feel comfortable they were in long term jobs.  Unless we can get job security back, the concept of how much home one should buy will have to change because selling every 5 to 7 years won't always be profitable.  My first home in 1970 cost $28k and the the 20% deposit was $4.6k.  The equivalent home on the equivalent lot would cost 10 times that today and the down payment is a much larger number too.  That's a 10 fold increase in 40 years.  I'm not an economist but I know that most salaries that supported the purchase of the $28k home have not grown 10 fold and the staggering cost of health care wasn't on the horizon 40 years ago. 

It's all pretty complicated but the fact we are talking about it is positive.  To the Post's main point, I agree that self sufficiency is possible - it's called budgeting to live on what you make which includes cash reserves and it may not have any thing to do with raising your own crops.       

Posted by Beverly Femia, Broker Realtor Stager - Greater Wilmington, NC Are (Coldwell Banker Sea Coast Advantage) almost 4 years ago

I love your definition of the American Dream!  I've got #3 covered..... I need to work on numbers 1 and 2. And I'm doing just that!  Next spring I'm beginning container and square foot gardening!  I'm also now researching buying a freezer to stock pile sale items!

Posted by Kathy Opatka, Serving Ocean City, MD, & The Delaware Beaches (RE/MAX CROSSROADS) almost 4 years ago

Good post!  When my husband wanted to do downsize to a condo (he hates yard work) I agreed with one stipulation, no more mortgage!  We were fortunate enough to sell our "raising our family" home for enough money to purchase our condo without a mortgage, and after the downturn in housing and the impact it has had on business....I am so thankful we made the decision we did.

Can't do the cows and chickens, and I have always had a kind of black thumb with live plants, but guess I can pick up a book on container gardening and at least augment my food storage. Now where did I put those gloves?

Posted by Deborah & Steve Love (Salt Lake Homefinders at Aubrey & Associates) almost 4 years ago

Great post, JMO, part of the mortgage/home ownership mess today is that everyone feels entitled instead of working for it and the greedy types enabled that mentality.  They are the ones that set off the chain reaction that has now begun dragging down the responsible ones with them.

If you don't work for it, you don't appreciate it. "Gotta have it" because "they" have it, never mind "they" worked their butt off for it.

As a child of one immigrant parent, I was always told the American dream was something to strive for, not have handed to you.  Being self sufficient at least financially is important.  Hard times come and even if you are prepared they can drag you down.  You can't have everything you want, it's something maybe schools should teach and more parents should teach their children.

Ana

Posted by Ana Hitzel, Home Stager Inland Empire & Palm Springs ( AccentPositives Home Staging ) almost 4 years ago

Home ownership is shifting from being an "Asset" to becoming a "Liability" for most Americans. I recommend people should read the book " The Richest Man from Babylon". This book puts home ownership in perspective and was written in 1929 during the depression.

We need to get back to basics.. A home is a place to live and you should own a home unless you plan to live in one place for a long time.

Avoid leveraging your money with the banks

Posted by Jack Lewitz (Jack A. Lewitz) almost 4 years ago

Aloha from Maui,

What you preach here is a practice I have maintained for over 40 years. We have just about every species of fruit tree and grow all the veggies we like all year around. We always have an ample supply of water and enough canned foods to get us thorough a year if needed. We also have a generator, air compressor enough tools to build or rebuild a home with if necessary. 

As an experienced emergency and disaster response contractor of 25 years I seen it all. Floods, fires, tornadoes, earthquakes, hurricanes and even acts of terrorism. Additionally, living so close to a very unfriendly border (San Diego) i doesn't hurt to have a few weapons on hand either. We are living in some pretty volatile and hostile times and it never hurts to protect yourself and offer up a safe harbor for you and your loved ones. We're not crackpots but we just plain don't trust the government and the first responders would have their hands full when the time comes. 

I've seen it first hand. In any crisis or disaster we've ever responded to the first thing the first responders do is make sure their own family is safe. During that time things can be pure havoc. The days of sitting on your hands is over.

As for homeownership? I have had so many wealthy friends who have the financial means to own just about any home or homes they want anywhere they want who have sold out and are happily sitting on the sidelines and leasing or renting. Yes, I would certainly have to agree with you. Homeownership just ain't what it used to be. I say live life for today.

 

Mahalo

Posted by John DL Arendsen, Contractor, RE Brk, Factory Built Home Dealer/Devl (ON THE LEVEL General Contractor, Crest Homes Factory Built Housing Dealer & Developer & TAG Real Estate Sales & Investments) almost 4 years ago
Great post. The commenters brought up excellent points. In particular, Beverly hit the nail on the head. Over the last 40+ years the cost of houses, medical expenses, education expenses, taxes and general living expenses has % wise great exceeded the increase in incomes. As a result, the ratio of income to total living expenses has declined substantially. That is why Americans feel like they cannot ever get ahead and build wealth. The reason is that total living costs are too high so building wealth is very difficult. Housing is still inflated due to artificial government market propping. Education is absurdly expensive due to a virtual monopoly (yes, you can choose private schools, but you are still paying for the public schools). The medical industry is a disgrace in that insurance is tied to a particular job, artificially hard to get for the self-employed, those who don't get insurance from thier jobs and small business owners. Since doctors just sign up with insurance companies and are guaranteed business they have no incentive to provide good service, nor disclose prices to patients. Taxes are outrageous since our government spends irresponsibly. The $1M (or maybe $1B due to inflation) question is who is responsible for this giant mess? The answer: our government and by association, us.
Posted by Jim McCormack, Nashville Short Sale REALTOR - Stop Foreclosure (Reliant Realty - Nashville Short Sale & Foreclosure Help) almost 4 years ago

I bought a home for shelter, raise a family, create memories.  I don't care what the value of my house is. My salary is the same as 3 years ago and my mortgage payment is the same.

Nothing has really changed except what someone says I could sell my house for.

 

If you entered "homeownership" for an investment then you need to find a new financial advisor.

 

 

Posted by Steve Opacke (LI House Tours) almost 4 years ago

You are not old enough to have gone through the great depression but your ideology is the same.  And as a country we should have never moved away from that.

Posted by Kimberly Brandon (Smart Moves Real Estate) almost 4 years ago

You are not old enough to have gone through the great depression but your ideology is the same.  And as a country we should have never moved away from that.

Posted by Kimberly Brandon (Smart Moves Real Estate) almost 4 years ago

  

Great thinking! Here in East Tennessee qualified buyers can still get the Rural Development (USDA) 100% loans with the only stipulations being qualified rural areas and no older than 1978 (lead base paint). With this in mind, even with the limitation of no more than an acre, one could easily strive to meet the goals of more independence. I am going to look into my solar options as my water was off today due to a water main break. Made me think hard about what happens when things like this occur. My house is heated and cooled with ground water but without electric I'm sunk. Have six acres here and do some gardening as well but not enough. Thanks for your post.

Posted by James Pierce (Realty Executives Associates/Knoxville Realty) almost 4 years ago

If I could insert North into the American Dream and make a comment to the North American Dream, without crossing a border, times have been tough before 2010, in the past, and for people looking for a place to live and caall home. In my humble opinion the majority of people living in a home that is worth 50% to 75% of what they paid at the time of purchase know that, but there are many reasons to look on the positive side of their circumstance.

They live in a home, full of people - mother father children and live in a community with neighbors , and maybe even living close to relatives. The job that brings in the family money is in the area, and the schools are , or will be good for the children to attend. The area has an abundace of amenities for family life, or as in the case of a single person everthing they value in life is right around the corner, but they don;t live next door to it.

The benefit list is endless for the people living in a home that's worth less money than they paid for it. If they reverse was true, they would say money can't buy what I have here in my home, and I would not sell it for $500,000 over it's value.

So times were right for this family - the man and woman got their home, front end loaded with little or no down payment, they started their family, the children are growing up, the bread winner in the family is home alot to be with the children because the job is 30 minutes from the home by car or by transit. The schools are great etcetera..

The average 10% of the population that is unemployed or under employed considers the current times a bad dream.

-

But look, for them to get back into home ownership it's a bit more easy than the people who already are in their dream and have their dream working and living. best regards from Bill

Posted by William U. Regan, (Broker) (HomeLife New World Realty Inc, Brokerage) almost 4 years ago

Thanks for the post.  Wouldn't if be nice if financial planning was required in school!  We have young people that have seen what has happened to their parents, we can only hope they remember and learn.  If not, the Dream will remain elusive for many young people.

Posted by Robert Courtney, Century 21 All Islands, RA, CDPE, MCRE, CIAS almost 4 years ago

Wow! Excellent post and comments.  I am a gardner and started in containers because I had dogs and didn't know what I was doing.  Over several years I have fallen in love with it and my garden grows bigger each year along with my love of organic.  I am working on being self sufficient and not needing or wanting credit. 

I agree that it would be a different world right now if credit was so abused by the creditor and the borrower.  Think of where those big banks and wall street would be right now if they didn't rely on the consumer to sew the golden threads into their parachutes. 

I love "Use it up, wear it out, make it do or do without".  I am more than happy to thrift something now, whereas 10 years ago it was Nordstrom and anything I wanted I charged.  Way, way, way beyond my means.  The piles of material objects and debt grew like weeds, more to pick through and deal with.  There is something to be said for simplicity.  I have made my New Years resolution for the past 4 years to become a minimilist.  It hasn't been easy, I have hoarder tendencies and cried the first time I saw that Hoarding show on T.V.  But I immediately went through piles of magazines and purged clothes and items I've kept for decades.  The feeling of not wanting or needing and being satisfied with what you have, actually grateful for it, far outweighs the need to spend my time shopping and spending myself into La La Land.   

Posted by Carey Valentine (Medallion Mortgage Company) almost 4 years ago

Yes, reducing personal debt and living within one's means with the notion of self-sufficiency (particularly in regard to alternative energy and energy consumption in general) is clearly an important shift that we must make as a society.  HOWEVER...The ability of individuals who are well qualified and have reasonable assets to purchase a personal residence (of whatever quality, size, location and price they desire) using credit is and will always continue to be "The American Dream".  The pride of ownership, a safe  place to raise a family and create memories and a desire for stability are very ingrained in our culture. This is not what got us in this mess.

If we as a nation go back to the hills and become totally self-sufficient, our economy will fall off the globe and our standard of living will spiral downward at a head spining pace.  The implications for our very richest and very poorest is quite disturbing and all the rest of us in the middle will suffer to no end.

Posted by Howard and Susan Meyers (The Hudson Company Winnetka and North Shore) almost 4 years ago

A little extreme.  If everyone had no debt the economy and world would change so drastically that we would be in a world wide depression that we would probably not like.  The world economy needs to survive and that takes spending and debt....unfortunately.  I do agree to lessen your debt every way you can and live frugally.  In these unsettling times it is best to live close to the vest and avoid unnecessary debt.  The Richest Man in Babylon is a great book to read.

Posted by Ric Mills, Integrity, Honesty, and Vast Real Estate Knowledge (Keller Williams Southern Az) almost 4 years ago

Very astute.  Reminds me of John Lennon's lyrics "call me a dreamer but I'm not the only one"

Posted by Dave Halpern, Louisville Short Sale Expert (Keller Williams Realty Louisville East (502) 664-7827) almost 4 years ago

Great blog, it takes big crisis to make big changes in society, and definetly America will have changed when this is over. We will be better people and we will do things differently.

Posted by Henry Pailles, San Diego Real Estate, San Diego Realtor, Chula Vista Real Estate (Chula Vista Realtor,Short sale,Eastlake Real estate,Realtor) almost 4 years ago

We have step 1 almost on track but 2 & 3 could impact 1 so it seems like the old vicious circle thing again.  Great advise!

Posted by Marshall Brown, BSEE, CHI (Mid America Inspection Services, LLC) almost 4 years ago

Bob: I relly appreciate your post. On the first reading, I agreed, but then reading some comments and re-reading your words, I think realistically, everything in moderation would also help move society and humanity forward. Be self-sufficient and independent, yes... but we need others, we need to learn how to live together.  Thanks for the thoughts ~Rita

Posted by Rita Norman, Your Agent in Walnut Creek CA almost 4 years ago

Hi Bob and leilani,

I could not agree more with point number 1.  Ever since the end of World War II we have been in a race to gather the most toys and it seems to get worse every year.  There are prople out there who make a fortune charging us to store our "treasures!"  If Americans stopped buying things on credit I think the workd would stop its rotation!  Of course, I am as guilty as the next in that area. 

Growing your own vegitables is a little tough though.  I can't grow zucchini because I keep forgetting to water it. In my household if you are not on a timer you DIE!  If I had to become a farmer I would starve to death.

Posted by Mike West, El Dorado Hills, CA CDPE, CNE, Licensed Loan Origi (Heritage Oak Properties) almost 4 years ago

Great Post Bob & Leilani!  I like the way you think... It may not be long before we are faced with situations like this.

A great web site I personally recommend is NaturalNews.com

Posted by Paul Armstrong (Realty ONE Group ) almost 4 years ago

It's funny:

I agree with you but:

The new American Dream should go farther:

 

To matching the private savings rate of the Chinese....because that is why they, as a nation, are in better shape than we are today.

You will notice that it is US who are in debt to them....even though their average income is far lower than our own.

Their private saving rate has approached 13% while ours is barely in positive single digits.  During the boom (houses as ATM's, etc) our saving rate was a negative figure.

That private savings rate is what gave their economy the money to invest in (i.e. create) their fantastic growth.

Many of our professional demagogues would like us to believe the problem is just that "those people" work more cheaply than we do.  It's true that they do, but that is not the true problem.

 

Change - that we can believe in? - must start with US as individuals....living on less than we receive.

And it must start with our federal government balancing it's budget....living on no more than it receives.  In fact, having it save for a recessionary day....instead of spending US into debt during such periods... would be a wonderful thing.

THAT should be the new American Dream.

 

It is bad enough when they buy our votes with our own money.  But when they buy our votes with Chinese money.....the result is danger to our economy....and our democracy.

If we are to cling to any semblance of the relative prosperity we enjoy today, we must do these things.

Posted by Jim Hale, On the Move for You! - Eugene - Springfield Oregon Real Estate (ACTIONAGENTS.NET) almost 4 years ago

I have to think about your idea although we do pay off credit cards every month, buy cars with cash ... but saving enough to buy a house with cash doesn't seem practical.

Posted by Tina Gleisner, Home Tips for Women (Home Tips for Women) almost 4 years ago

Looks like Cuba!!

Posted by HECTOR TORRES (Continental Properties) almost 4 years ago

This would truly be an "American Dream" to accomplish those 3 items, but not everyone will have the space to be self sufficient, or be able to pay cash for a home.  The principles of the dream are sound, but tayloring to "where" you are in life has got to be factored into the equation.  The just graduated from college individual or couple may not be able to run the gamut of the dream initially and could get discouraged if this was protrayed as the only way to make it.  Stepping stones are crucial to achieiving that dream and should be identified so as to not make this just a dream...  All that said I do appreciate the time and thought you have put into this.

To your success!

Scott

Posted by Scott Kearsing (Land/Home Financial Services Texas) almost 4 years ago

Bob & Leilani

I like what you have to say. Can you pass on some infromation?  In your research you probably came across a website or two to recommend for food and water purchase and storage, however  I do not want to go to a "sky is falling" website. 

Posted by John Marzy almost 4 years ago

Yes, we are returning to old fashioned values. I have a large house payment, but take comfort in the fact that I do NOT owe more than it is worth - and since our roots are deep here, this wasn't an investment, but a home.

My garden gets bigger every year, and we did raise our own beef last year. My son also keeps us well stocked with wild-caught trout so this place is packed with food. And... the water comes from a mountain spring - gravity flow is slow, but works if the power goes off.

I haven't managed to talk my husband into building a chicken coop or getting a milk cow - but I'm working on it!

I do agree with Jim (#112) that part of the American Dream is for the government to put a stop to the spending spree. They spend our money and then put us farther into debt with such utter nonsense that if it was an individual doing it, they'd need to be committed.

I read a blog comment once by a former Navy man. He said he resented us saying the government spent "like a drunken sailor" - because when he was a sailor and went on shore leave, he quit spending when he ran out of money. Our administration / congress can't seem to grasp that concept.

Posted by Marte Cliff, your real estate writer (Marte Cliff Copywriting) almost 4 years ago

Bob & Leilani,

I agree with the premise of your post but I must post a warning, I bought 11 chicks from mypetchicken.com in March, and I've become obsessed with the little buggers.  They all have personalities and it seems like all I talk about are my chickens.  I think people are starting to avoid me :)

Tamara

Posted by Tamara Elliott-Deering (Central Metro Realty) almost 4 years ago

One and three my family is moving towards in a strong way.  Number 2 is harder than it sounds.  It is OK to grow a garden for some variety, but it is hard to grow enough for an entire family to really live on unless you are talented and dedicated.  We have become a very interdependent world and it is hard to cut those ties.  Doing so is a step down in standard of living, but I know what you mean.

Posted by Gene Riemenschneider, Turning Houses into Homes (Home Point Real Estate) almost 4 years ago

Intesting concept Leilani and Bob!  We did finally get solor on our house because I get so mad when I have to pay my huge PG&E (gas and electric) bill! I got a letter the other day from my credit card company that said they would no longer be tying the interest rate to the prime rate and it would now be fixed at 19.?% APR.  I wanted to just laugh as when interest rates went down our cc rates never did.  We pay them off every month so don't pay the interest but still....  What a joke!

Posted by DeeDee Riley, Realtor - El Dorado Hills & the Surrounding Areas (Lyon Real Estate - El Dorado Hills CA) almost 4 years ago

Nancy from Tampa Bay...I just replied to your PM and my email bounced back saying your mailbox was full. Just want you to know that I'm not ignoring you! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Dena, you are very lucky to have had the wisdom of your grandmothers passed down to you! I like "good ol' fashion values" so it pleases me that your grandmothers would call it that. :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

You're right, Ann...credit cards are essential when making online purchases. Also, not that this matters, but when I talked about having chickens, the ONLY thing I had in mind was eggs. I have to admit that I don't even eat chicken-on-the-bone and I could NEVER kill a chicken. Nothing against it, but I just can't do it or be around it when it's done. I guess I'm just not a true farmer. :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Tomatoes, watermelons and corn...that sounds yummy, Pat! BTW, is the reason you're considering a hydroponic greenhouse because you don't have year-round sunshine? Or do they just grow better with hydroponics? :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Harry, this is just food for thought...you can take it or leave it. There will always be opposition to any idea that is thrown out there, but the nice thing is that our consequences will be a result of our own actions and not anyone else's. :)

Leilani

P.S. I am not turning off my computer.

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Thanks for bringing layaway up, Ed...I had forgotten about this concept. I guess it is really the safest way to buy what you cannot afford at the time, because you don't get to "enjoy" it and take possession until it is fully paid for...kind of like a savings plan for large purchases? For those who struggle with saving, this perhaps could be a start. It sure beats buying something on a credit card and paying the interest for who-knows-how-long . :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Thanks for stopping by to comment, Charita! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Tom, I love your Grandma's simple words of wisdom: "Your scab won't heal if you keep scratchin' it!" She's absolutely right. :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Thank you, Bill! I appreciate your comment. :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Linda, I think somehow things even out, for the most part. For those who have money and are NOT spending, there are those who DON'T have money and ARE spending. Thanks for your comment! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

You're right, James...the "dream" of owning lots of stuff reminds me of that bumper sticker "He who dies with the most toys wins." Not. :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Glad you like my dream, Christine...thanks for stopping by! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Beverly, everyone will decide what their comfort level is when it comes to being self-sufficient or preparing for disaster...some choose to live day-by-day and others want a year or more's supply of food. Some people live off fast food and others only eat the food they harvest and farm. The majority of us fall somewhere in the middle. It really just depends on the type of lifestyle we choose to lead. :)

You're right about self-sufficiency...it has many faces, including budgeting and cash reserves. I think as long as you have a plan that you are working towards, you are on the right track! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

I'm so glad to hear that, Kathy! WOO-HOO to YOU! :D

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Deborah, congratulations on your "no more mortgage" stipulation...you are a smart negotiator! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

I agree with you 100%, Ana...thank you for your comment! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Jack, thank you so much for your book recommendation...I am going to check out "The Richest Man from Babylon". :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

John & Janis, I am so pleased to have "met" people like you who have been practicing this lifestyle for 40+ years...what role models you are and the fact that you have been an emergency & disaster response contractor for 25 years says it all. Your experiences are what today's youth needs to hear...actually, I think it would help the entire population to see how you practice the art of future survival.

Your comment is definitely another one I would feature if it were possible here on AR. :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Excellent insight, Jim...thank you for your well-written comment! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Steve, you are a lucky man to retain the same salary and you are a smart man to have gotten a fixed rate mortgage...and because of those two things, you are not in the same position as many others are in today. Thanks for sharing your story! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

I completely agree, Kimberly...we never should have moved away from that. We'd be in a much better place today. Now that we are where we are, hopefully we all learn from this lesson. :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

James, sometimes these minor disasters may be a blessing in disguise...looking into solar options would be a great way to prepare yourself for the next time a disaster could happen. :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Bill, thanks for stopping by to comment on my blog! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Having financial planning in schools would be terrific, Bob...why on earth do we NOT have that? :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Carey, I plan to start organic gardening next year...and even though this is new territory for me, I bought an excellent book by Peter V. Fossel called "Organic Farming: Everything You Need To Know". It does indeed have everything you need to know...and then some. It will even prepare you for going into the organic farming business, if that's how far you want to take it. :)

Leilani

BTW, I also had Nordstromitis but for me it was almost 20 years ago. ;)

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

I appreciate your input, Howard and Susan...thanks for sharing! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Ric, thanks for also recommending the book: "The Richest Man In Babylon"! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

I appreciate you stopping by to comment, Dave! I'm not familiar with those lyrics, as I'm not a Lennon fan, but thanks for sharing your thoughts. :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

I agree, Henry...I am one of those who have woken up recently. I am guilty of living beyond my means, leveraging credit to its fullest and having no disaster plan...but more importantly, I am now doing things differently and working towards my "New" American Dream! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

It's all about priorities and how we ultimately decide to set them, Marshall...but you are doing great to have #1 almost on track! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Rita, thank you for your comment! I appreciate your input and yes...we do need others and I think living together would be easier if people would just mind their own business. That seems to be the source of problems among neighbors. :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

If you were a farmer, Mike, perhaps you could have your veggie garden on a drip or automatic watering system. :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Paul, I would rather be prepared in advance for potential situations than to be scrambling like many others who are not prepared when it does happen. I will check out your website recommendation. :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Excellent points, Jim...thank you for sharing this valuable information in your comment! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Tina, I think many "average" people who own their homes outright have done so by starting with a sizeable downpayment on an affordable home and not using their homes as an ATM, so they can build up equity over time to transfer to their next home purchase...or simply stay put and have their homes paid off in 30 years. Of course, the lower the price point, the easier it is for more people to pay off their home, so it depends where you live, too. Smart budgeting also helps. :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Thanks for stopping by, Hector! Are you from Cuba? :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Scott, the "where" you are in life is definitely factored into the equation! The key is to not get frustrated and give up because you are only looking for short-term results. Stepping stones are the way to get to this dream. People should remember that Rome was not built in a day. Thanks for your input...I really appreciate it! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Thank you, John! I agree...I would not want to go to a "sky is falling" website either, but I have come across a wide variety of emergency food as well as a rainwater filter system at Costco.com. :)

Leilani

P.S. Here is a blog post that I wrote about an example of emergency food available at Costco.com:

With $220 in savings, I could buy 288 servings of freeze-dried emergency food

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Marte, I have heard that there is no beef better than home-raised and grass-fed! You are also lucky to have your garden and your son, the trout fisherman. :)

Leilani

P.S. You may (or may not) want to read the comment below yours. ;)

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Tamara...OMG! Danger! Danger! I am a sucker for "little buggers with personalities" and if Bob lets me have cute li'l chicks, they may become my new obsession. :)

Leilani

P.S. Don't worry about people avoiding you...I know of a community that speaks chicken, you should check it out - http://www.feathersite.com/Poultry/BRKPoultryPage.html#Chickens

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Gene, at least you're lucky enough to be moving towards #1 and #3...and you live in an area known for its local produce, especially apples and corn! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Wow, DeeDee...19% is outrageous, yet I've heard that many credit cards charge even more! Good for you that you pay them off every month...and that you now have gone solar! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

This quote reminded me of your blog:

@QuakerQuotes It is by building a sustainable culture that we will come to live in that life...that takes away the occasion of all wars - C Baird Brown

Posted by Debbe Perry, 828.439.3084 Morganton/Lake James NC (Real Living Carolina Property ) almost 4 years ago

Thanks for sharing your quote, Debbe! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago
Most people have to borrow money to buy a home. The mistake is buying too much home. You should buy something and pay it off as fast as you can
Posted by Alan Grizzle, Full Time Realtor, Lifelong Resident of Dahlonega (Chestatee Real Estate) almost 4 years ago

Hi Bob & Leilani,

Thanks for the great post. I don't think this is the "New" American Dream though. I think we all got a bit off track and are getting back to the American Dream of self sufficiency.

Posted by Dennis & Terri Neal (RE/MAX, Big Bear) almost 4 years ago

Thank you Leilani I love this post. For years I have been asking why are these basic economic principles not taught to children in school. I my self have never made a car payment or paid credit card inerest, and when I was young worked much overtime so I could pay off a30 year mortgage in 8 years. That mortgage is the only inerest my wife and I have paid on any thing in 28 years of marrage. These principles have got me far where at the same time I have watched freinds who made more money than us buy every thing on credit and have accumulated very little. Most every one in this country lives check to check with there futures mortgaged to the max. This sddens me because the only ones benifitting from this is the super rich in IMHO

Posted by Brad Hornshaw, Realtor, Listing Agent, Buyers Agent, Investments (Brad Hornshaw Realtor Lynnwood, Bothell, Everett) almost 4 years ago

You're right, Alan...most people do need a mortgage to buy a home...but who knows what percentage make it a priority to get it paid off? Whatever that may be, I do hope the number increases. :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

You're welcome, Dennis & Terri...I sure hope we as a country are getting back on track to the American Dream! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Brad, I'm glad you love my post! You and your wife have excellent principles and everything that you have is very well-deserved...most people don't follow the rule of paying for things in full when buying them (either with cash or a credit card that they pay off every month) and this is how they dig themselves into the widespread hole of consumer debt...and keep credit card companies rich and happy, of course! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Aloha ~ you have sage advice here.  Debt free nowadays is difficult to find.  I am going to re-blog this. 

Posted by Dawn A Fabiszak, The Dawn of a New Real Estate Experience! (Keller Williams Real Estate ( Denver metro area, Colorado) almost 4 years ago

Dear Bob & Leilani,

Carla (#30) & Ann (#80) have good points. It ain't that easy to raise cows and chickens. The darlings have to be fed twice a day and if you have milk cows, you need to milk them every twelve hours, every day, including Christmas, New Year, Easter, the day after that late party (may as well stay up and get your rubber boots on). Unless you have family that can split the task with you, may as well kiss any vacation good bye, because getting farm help is not easy either.

Carla's suggestion of community gardens or community supported agriculture may be more feasible, if you want to keep working as a Realtor. Even then, managing to put in your day a week to earn your veggies is not always possible, when you get busy in the summer. Great thoughts, but not as easy as it looks.

Posted by Dörte Engel, ABC - Annapolis, Bowie, Crofton (RE/MAX Leading Edge) almost 4 years ago

Thanks for the re-blog, Dawn...I really appreciate you wanting to spread the word! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Dorte, thank you for stopping by with your comment! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

Read it on Dawn's re-blog.  Very profound stuff.  I striving for it.

Posted by Erby Crofutt, The Central Kentucky Home Inspector, Lexington KY (B4 U Close Home Inspections&Radon Testing (www.b4uclose.com)) almost 4 years ago

That's great to hear, Erby! Thanks for letting me know you found this on Dawn's re-blog. :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

This is a very good article, I think it reflects what many people wish they'd planned for.  I particularly like the first point.  For the second point, it will be pretty hard for those of us that live in dense urban areas, and sprawling megalopolisis to raise chickens :)  It does give good purpose to my wifes growing interest in hydroponics!

Posted by Rusty Eddy (Harcourts Prime Properties) almost 4 years ago

Rusty, the good thing about this is that it's never too late to get started! I wish I had been planning for this years ago, but I wasn't as wise in my younger days. :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) almost 4 years ago

This is the way our parents and grandparents owned real estate and how my wife and I do it, not a huge house with a huge mortgage, a full garden, and we try to do as much of the maintenace around the property as possible. Great view on Home ownership.

Posted by David Popoff, Realtor & Property Manager, Fairfield County, Ct. (DMK Real Estate & Property Mgmt) over 3 years ago

David, I'm glad to hear that you and your wife have followed the wise ways of your ancestors. Thanks for stopping by to read and comment! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) over 3 years ago

Great blog, many of these truths were the norm in the early half of the 20th century!

Posted by Sybil Campbell, REALTOR ABR, SFR, SRES - Amelia Island (Century 21 John T. Ferreira and Son Inc. 500 Centre St. Amelia Island, Fl 32034) over 3 years ago

Thank you, Sybil! I agree with you...many were indeed "tried and true" principles that wise men and women lived by and followed. It's just too bad that in time, they have been forgotten by many people...but at least more and more people are getting back to the basics in the recent years. :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) over 3 years ago

Really great advice.  Since my own personal crash in 2007, I've been extremely frugal, saving money...and not borrowing for anything.  It has my family in a very good position, and not worried in the least about the current economic rumblings and tumblings.  Thanks for the post!

Posted by Matt Robinson, www.professionalinvestorsguild.com (Professional Investors Guild) about 3 years ago

Thank you, Matt...and kudos to you for making the change in 2007, I'm sure it's what has put your family in the very good position it's in today! :)

Leilani

Posted by Bob & Leilani Souza, Placer County, CA: Foreclosures, Auctions, Rentals (Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California)) about 3 years ago

This blog does not allow anonymous comments