Buying a Home Early Can Significantly Increase Future Wealth

 

Buying a Home Early Can Significantly Increase Future Wealth | MyKCM

According to an Urban Institute study, homeowners who purchase a house before age 35 are better prepared for retirement at age 60.

The good news is, our younger generations are strong believers in homeownership.

According to a Freddie Mac survey,

“The dream of homeownership is alive and well within “Generation Z,” the demographic cohort following Millennials.

Our survey…finds that Gen Z views homeownership as an important goal. They estimate that they will attain this goal by the time they turn 30 years old, three years younger than the current median homebuying age (33).”

Buying a Home Early Can Significantly Increase Future Wealth | MyKCMIf these aspiring homeowners purchase at an early age, the Urban Institute study shows the impact it can have.

Based on this data, those who purchased their first homes when they were younger than 25 had an average of $10,000 left on their mortgage at age 60. The 50% of buyers who purchased in their mid-20s and early-30s had close to $50,000 left, but traditionally purchased more expensive homes.Buying a Home Early Can Significantly Increase Future Wealth | MyKCMAlthough the vast majority of Gen Zers want to own a home and are somewhat confident in their future, “In terms of financial awareness, 65% of Gen Z respondents report that they are not confident in their knowledge of the mortgage process.”

Bottom Line

As the numbers show, you’re not alone. If you want to buy this year but you’re not sure where to start the process, let’s get together to help you understand the best steps to take from here.

 

 

The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Keeping Current Matters, Inc. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.

Posted on January 19, 2020 at 11:21 pm
Sue Cook | Posted in Buyers, First Time Buyers |

Check out all of the fun things to do around town in January!

Wishing you a Healthy and Prosperous New Year!

Thru Jan 5  LA Zoo Lights
Los Angeles Zoo > 6-10pm
lazoolights.org

Thru Jan 12  Moonlight Forest
LA County Arboretum, Arcadia > Wed-Sun: 5:30-10pm
arboretum.org

Thru Jan 20  Bai Holiday Rink
LA County Arboretum, Arcadia > Wed-Sun: 5:30-10pm
dola.com

All Month  Fruiting Bodies
Old Town Monrovia > 7pm
descansogardens.org

Every Wednesday  Altadena Farmers Market
600 W. Palm Street, Altadena > 3-7pm
altadenafarmersmarket.com

Every Friday  Monrovia Street Fair & Market
700 S. Myrtle Avenue, Monrovia > 5-9pm
cityofmonrovia.org

1  Rose Parade
Along Colorado Blvd., Pasadena > 8am
tournamentofroses.com

1-2  Post-Parade: Showcase of Floats
Along Sierra Madre & Washington Blvd., Pasadena
tournamentofroses.com

4  Chinese New Year 2020
San Gabriel Mission Playhouse > 7-10pm
missionplayhouse.org

4  Uncorked: LA Wine Fest
Union Station, Los Angeles > 5-9pm
uncorkedwinefestivals.com/la

5  Tour Rustic Rubel Canyon with a Builder
Various Pasadena Homes > 9:30am-4pm
atlasobscura.com

6 Los Tres Reyes Celebration
Olvera Street, Los Angeles
olvera-street.com

9  The ‘Huntington’s 100th’ Rose
Historic Castle Green, Pasadena > 2:30-3:30pm
huntington.org

11, 18, 25  Pick Your Own Oranges
Heritage Park, La Verne > 9am-3pm
cityoflaverne.org

12, 26  On Tapped & Unplugged Live Music
Pacific Plate Brewing Company, Monrovia > 6-9pm
pacificplatebrewing.com

17-19  Pasadena Bead & Design Show
Hilton Pasadena > 10am-6pm
beadanddesign.com

18  California Wine Festival
Santa Anita Park, Arcadia > 10am-5pm
santaanita.com

18-19  Asian American Expo
Pomona Fairplex > 10am-7pm
asianamericanexpo.com

19  Pasadena Half Marathon
Rose Bowl Stadium > 7am
pasadenahalf.com

20  MLK Kingdom Day Parade
Leimert Park, Los Angeles > 10am
kingdomdayparade.org

25  Museum Annual Free-for-All Day
Participating SoCal Museums
socalmuseums.org

25  2020 Pasadena Heritage Docent Training
Madison House, Pasadena > 9am-12pm
pasadenaheritage.org

26  Artist Alley Gallery Opening Reception
Monrovia Community Center > 2-5pm
monroviafinearts.org

26-31  Cheeseburger Week
Participating Pasadena Restaurants
pasadenarestaurantweek.com

 


Posted on December 18, 2019 at 7:36 pm
Sue Cook | Posted in Events Calendars |

Check out all of the fun things to do around town in December!

 

May the joy of the season stay with you throughout the year.

Thru Jan 12  Moonlight Forest
LA County Arboretum, Arcadia > Wed-Sun: 5:30-10pm
arboretum.org

Thru Jan 5  Enchanted Forest of Light
Descanso Gardens, La Cañada Flintridge
enchantedla.com

5  Holiday Parade
Old Town Monrovia > 7pm
cityofmonrovia.org

5  Playhouse District Tree Lighting
Pasadena Playhouse Courtyard > 7-9pm
pasadenaplayhouse.org

6-29  Every Christmas Story Ever Told
Sierra Madre Playhouse
sierramadreplayhouse.org

7  Holiday Snow Festival
City of Arcadia Recreation Department > 9am-2pm
arcadiaca.gov

7  South Lake Holidayfest
South Lake Avenue, Pasadena > 12-5pm
southlakeavenue.org

7  Altadena Village Makers Winter Pop-up
Altadena Golf Course > 10am-6pm
facebook.com/altadenavillagemakers

7  Winter Holiday Festival
Pershing Square, DTLA > 11am-9pm
holidayicerinkdowntownla.com

7  Montrose-Glendale Christmas Parade
Honolulu & Rosemont, Montrose > 6pm
montrosechristmasparade.com

7-8  Holiday Look In Home Tour
Various Pasadena Homes > 9:30am-4pm
pasadenaholidaylookin.com

7, 14, 21, 28  Santa in the Village
Glendora Village
glendoravillage.com

8  Castle Green Holiday Home Tour
Historic Castle Green, Pasadena > 1-5pm
castlegreen.com

8-10  A Christmas Carol
La Cañada Playhouse > 7pm
lacanadaplayhouse.org

13-21  Play Production: Frozen Jr.
IFGF Monrovia
centrestageinc.com

14  Downtown Arcadia Holiday Fair
First Avenue, Arcadia > 11am-4:30pm
downtownarcadia.org

14  Christmas Tree Lane Lighting & Craft Festival
Altadena > 3-9pm | Lighting: 6pm
christmastreelane.net

14  Glendora Christmas Parade
Glendora Village > 9am
glendorachristmasparade.com

20-23  Holiday Food Distribution
Must Register to Volunteer: 626.358.3486
Monrovia & Pasadena Locations > 8am-4:30pm
foothillunitycenter.org

24  LA County Holiday Celebration
Dorothy Chandler Pavilion, DTLA > 3-6pm
lacountyarts.org

26-30  Kidspace Snow Days
Kidspace Museum, Pasadena
kidspacemuseum.org

28-30  Tournament of Roses Sip & Savor
Rose Bowl Stadium, Pasadena > 1-7pm
tournamentofroses.com

28-31  Rose Parade Float Viewing
Rosemont Pavilion, 700 Seco Street, Pasadena
tournamentofroses.com

31  Rose Bowl Bash
The Bloc Plaza, Pasadena > 10am-5pm
tournamentofroses.com

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Posted on November 27, 2019 at 3:23 am
Sue Cook | Posted in Uncategorized |

Expert Advice: 3 Benefits to Owning a Home

Expert Advice: 3 Benefits to Owning a Home | MyKCM

Success is something often worth repeating, and Brent Sutherland, a Certified Financial Planner and Real Estate Investor, has certainly made his way in a momentum-driving direction. Here are 3 tips he shares from a recent piece in Business Insider on the benefits of owning real estate:

1. Real estate diversifies your income

“While it is certainly important to be properly diversified with your investments, it is even more important to be diversified with your income. This is because the largest financial risk for most of you is the loss of your primary source of income, which is typically in the form of a day job.”

The article highlights how having multiple sources of income, such as those derived from real estate investments, can eventually lead to relying less and less on a day job. Sound dreamy? It can be. When done well, real estate investments may eventually open up your time and the financial freedom to explore other things, like travel and other aspirations you may have for the future, particularly in the golden years of retirement.

2. Real estate produces near-immediate results

“You can achieve and feel the results almost immediately. Property improvements are visible and tangible. You can cash, spend, and invest rent payments. Today! Not 30 years in the future.”

Currently, home prices are appreciating in all price ranges, and just last weekCoreLogic announced their 12-month home value projection at 5.6%, an increase from 4.5% noted earlier this summer. With that in mind, real estate today is definitely driving immediate results!

3. Passive income can help you become financially independent sooner

“If you need $40,000 a year to live, you could alternatively invest in assets that generate an 8% cash-on-cash return. This is a very reasonable assumption. And it means you would only need to save a total of $500,000 (instead of $1 million). Yet, your investments would still meet your annual household living needs.

While returns, taxes, and inflation can, of course, affect your timeline, cash-flowing real-estate is a clear asset.”

Homeownership is a form of ‘forced savings.’ Every time you pay your mortgage, you’re contributing to your net worth by increasing the equity in your home, bringing you one step closer to true financial independence.

Bottom Line

If you want to increase your savings and overall net worth, real estate is a great way to go. To learn how you can make it happen, let’s get together to discuss the process.


Posted on November 19, 2019 at 6:38 pm
Sue Cook | Posted in Buyers, First Time Buyers |

Check out all of the fun things to do around town in November!

Fall is in full swing, so celebrate the harvest season with these  festivals, craft fairs & more!

1-3  28th Annual Craftsman Weekend
Pasadena Convention Center
pasadenaheritage.org

1-3  2019 Creative Arts Group Festival
Creative Arts Group, Sierra Madre
creativeartsgroup.org

1, 8, 15, 22  Fall Film Series
Norton Simon Museum, Pasadena > 5pm
nortonsimon.org

2  Dia De Los Muertos Festival
Hollywood Forever Cemetary > 12pm-12am
ladayofthedead.com

2  La Fetra Holiday Craft Boutique
La Fetra Center, Glendora > 9am-4pm
cityofglendora.org

2  O2Breathe PHun Run & Walk
Library Park, Monrovia > 8:30am-12pm
O2breathe.org/Monrovia

8-10  Pasadena Arts & Crafts Show
Hilton Pasadena > 10am-6pm
artsandcraftsshow.com

9-10  American Indian Arts Marketplace
Autry Museum, Los Angeles > 10am-5pm
theautry.org

9-10  Chrysanthemum Show & Sale
Huntington Library, San Marino > 10am-5pm
huntington.org

9 Thru Jan 12  Moonlight Forest
LA County Arboretum, Arcadia > Wed-Sun: 5:30-10pm
arboretum.org

10  Village Market & Festival
The Rhythms of the Village, Altadena > 12-6pm
rotvp.com

10  Griffith Park Harvest Festival
Griffith Park, Los Angeles > 11am-7pm
laparksfoundation.org

16  Centennial Family Day
Huntington Library, San Marino > 11am-3pm
huntington.org

16-17  Jackalope: Indie Artisan Fair
Central Park, Pasadena > 10am-4pm
jackalopeartfair.com

16 Thru Jan 5  Enchanted Forest of Light
Descanso Gardens, La Cañada Flintridge
enchantedla.com

22  The Holiday Stroll & Tree Lighting
Glendora Village > 6-9pm
glendoravillage.com

23  Elves’ Faire
Pasadena Waldorf School, Altadena > 10am-4pm
pasadenawaldorf.org

23  Art on Palm
Jones Coffee Roasters, Pasadena > 9:30am-4pm
artonpalm.com

23-24  Renegade Craft Fair
LA State Historic Park, Los Angeles > 11am-5pm
renegadecraft.com

24  Doo Dah Parade
2627 E. Colorado Blvd., Pasadena > 11am
pasadenadoodahparade.info

24  Art Fair in the Garden
Storrier Stearns Japanese Garden, Pasadena > 10am-4pm
pasadenasocietyofartists.org

28  Thanksgiving Day 5K Run/Walk
Memorial Park, La Cañada Flintridge > 8:30am
cclcf.org

28  Rose Bowl Turkey Trot
Rose Bowl Stadium, Pasadena > 8am
rosebowlstadium.com

30  Sierra Madre Winter Festival
Downtown Sierra Madre > 12-8pm
sierramadrechamber.com


Posted on October 29, 2019 at 4:09 pm
Sue Cook | Posted in Uncategorized |

Arcadia Police Foundation Honors Denne, Raises Funds for APD

 

On October 19 at the Arcadia Community Center, Arcadia Police Foundation’s Halloween Hoopla partygoers were treated to an exciting evening of great food, drink and spooktacular merriment with arcade games, humorous sobriety tests, a spirited costume contest, and roving entertainers.

Attendees came together to support the efforts of the Arcadia Police Foundation in raising funds for the Arcadia Police Department’s projects and programs through silent and live auctions. A generous $30,000 donation from Grand Funding Group was announced and will cover the cost of an additional K-9 officer.

“Mother of the Force” Dorothy Denne was honored for her many years volunteering for the APD and Foundation. Dorothy’s warmth, wit and no-nonsense attitude have endeared her to the many APD officers she’s worked with over the years. Dorothy ran the PACE office at the Santa Anita Mall, worked in community relations, and in recent years spearheaded efforts to bring the K-9 program back to the APD.

The Arcadia Police Foundation was formed in 2015 to support the Arcadia Police Department by raising funds to support projects not funded in full through the city budget. I am honored to support Arcadia’s boys in blue by serving on the APF board. For more information about the APF please go toarcadiapolicefoundation@ArcadiaCA.gov.

 


Posted on October 25, 2019 at 10:56 pm
Sue Cook | Posted in Uncategorized |

Check out all of the fun things to do around town in October!

Autumn, traditionally the season of harvest and change, has arrived. Celebrate the harvest season with these fun, local events.

Recurring Events

Thru Oct. 19  Scarecrow Festival
Across Downtown Sierra Madre
creativeartsgroup.org

Thru Oct. 20  Little Shop of Horrors
Pasadena Playhouse
pasadenaplayhouse.org

Thru Oct. 31  LA Haunted Hayride
Griffith Park Zoo > 7pm-12am
losangeleshauntedhayride.com

Oct. 17-Thru Nov. 3  Little Women
Sierra Madre Playhouse
sierramadreplayhouse.org

19-20 & 26-27  Pumpkin Patch & Fall Fun Fest
Santa Anita Park, Arcadia > 12-5pm
santaanita.com

19-27  Carved: Pumpkin Exhibition
Descanso Gardens, La Cañada Flintridge > 6:30-10:30pm
descansogardens.org

October 1-6

2  Coffee with a Cop
Bowlero Entertainment Center, Arcadia > 8-10am
coffeewithacop.com

6  Eagle Rock Music Festival
Center for the Arts Eagle Rock > 4-10pm
eaglerockmusicalfestival.org

October 7-13

12  SGV Pride Festival
Central Park, Pasadena > 11am-9pm
sgvpride.org

12  Pasadena Art Walk
Green Street & Madison Avenue > 11am-6pm
playhousedistrict.org

12  Fall STEAM Festival
Arcadia Performing Arts Center > 2-5pm
arcadiapaf.org

13  Glendorafest
Glendora Village > 5-9pm
glendorafest.com

October 14-20

19  L.A. Beer & Food Festival
LA County Arboretum, Arcadia > 7-10pm
labrewersguild.org

19  APF’s Halloween Hoopla
Arcadia Community Center > 5pm
halloween.arcadiapolicefoundation.org

19  Latino Heritage Parade & Festival
Villa Parke, Pasadena > 10am-4pm
pasadenalatinoheritageparade.org

19-20  Pumpkin Festival
Kidspace Museum, Pasadena > 9:30am-5pm
kidspacemuseum.org

20  Taste of Old Town Monrovia
Old Town Monrovia > 5-8pm
tastemonrovia.com

October 21-27

25-26  Halloween Window Painting Contest
Downtown Sierra Madre > 25: 2:30-6pm & 26: 7:30-10am
cityofsierramadre.com

26  Fall Festival
Victory Park, Pasadena > 2-6pm
cityofpasadena.net

27  Bark Halloween Pet Adoption Party
Eagle Rock City Hall > 1-4pm
happeninginnela.net

October 28-31

31  Pumpkin Decorating
One Colorado Courtyard, Pasadena > 10am-12pm
oldpasadena.org

31  Halloween Walk & Celebration
Glendora Village > 10am-2pm
glendoravillage.com

31  Trick-or-Treat & Halloween Bash
Library Park, Monrovia > 3-6pm
cityofmonrovia.org

31  Halloween Happenings
Across Downtown Sierra Madre > 3:30-7:30pm
cityofsierramadre.com

31  Old Pasadena Halloween Celebration
Across Old Pasadena > 5-8pm
oldpasadena.org

31-Nov 2  Breeders’ Cup World Championships
Santa Anita Park, Arcadia > 5-8pm
breederscup.com

 


Posted on October 1, 2019 at 6:55 pm
Sue Cook | Posted in Events Calendars, Just for Fun |

How to Use White in Your Home After Labor Day

If you think the rule of not wearing white after Labor Day still applies, think again. It’s acceptable to not only continue wearing white after the beginning of September, but to also decorate your interior space with white.

Soft white accents  

A neutral palette—any time of year—can instantly make your home brighter and more welcoming. If you still want to keep the autumn feel alive, add white gourds instead of orange. The options are endless for decorating with ivory and soft whites, making this the way to go for post-summer decorating.

Gallery wall

A black and white gallery wall could do wonders for your living room. It looks chic and clean, but still adds personality to the space. Stick with white frames with extra white space within the frame to keep the gallery wall minimalist.

Play around with textures

Too much white without texture can seem cold and boring. Research various wall textures to see if this is a viable option, or incorporate texture in other ways with throw pillows, accessories, and other decorative elements.

Don’t overdo it

It may seem impossible to overdo it with white—the most neutral color there is—but making your entire home white could have the opposite effect of cozy and lived-in. Still add splashes of color throughout your home, even if it’s just with centerpieces and other decor elements.


Posted on September 3, 2019 at 9:31 pm
Sue Cook | Posted in Did You Know... |

Check out all of the fun things to do around town in September!


Posted on August 20, 2019 at 8:50 pm
Sue Cook | Posted in Events Calendars, Just for Fun |

5 Real Estate Reality TV Myths Explained

5 Real Estate Reality TV Myths Explained | MyKCM

Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there, watching entire seasons of shows like “Property Brothers,”Fixer Upper,” and “Love It or List It,” all in one sitting.

When you’re in the middle of your real estate-themed TV show marathon, you might start to think everything you see on the screen must be how it works in real life. However, you may need a reality check.

Reality TV Show Myths vs. Real Life:

Myth #1: Buyers look at 3 homes and decide to purchase one of them.
Truth: There may be buyers who fall in love and buy the first home they see, but according to the National Association of Realtors, the average homebuyer tours 10 homes as a part of their search.  

Myth #2: The houses the buyers are touring are still for sale.
Truth: Everything is staged for TV. Many of the homes shown are already sold and are off the market. 

Myth #3: The buyers haven’t made a purchase decision yet.
Truth: Since there is no way to show the entire buying process in a 30-minute show, TV producers often choose buyers who are further along in the process and have already chosen a home to buy. 

Myth #4: If you list your home for sale, it will ALWAYS sell at the open house.
Truth: Of course, this would be great! Open houses are important to guarantee the most exposure to buyers in your area, but they are only one piece of the overall marketing of your home. Keep in mind, many homes are sold during regular showing appointments as well. 

Myth #5: Homeowners decide to sell their homes after a 5-minute conversation.
Truth: Similar to the buyers portrayed on the shows, many of the sellers have already spent hours deliberating the decision to list their homes and move on with their lives and goals.

Bottom Line

Having an experienced professional on your side while navigating the real estate market is the best way to guarantee you can make the home of your dreams a true reality.

 

 

The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Keeping Current Matters, Inc. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.

Posted on August 19, 2019 at 11:12 pm
Sue Cook | Posted in Did You Know..., Just for Fun, Uncategorized |