I heard someone say, all you have to do to start a business is find a need and fill that need. What do people need?
STRUGGLING MIDDLE CLASS
I believe one thing people need is an affordable housing solution. I came to this conclusion after life circumstances came and smacked me in the face. I have gone through a lot in the last 5 – 10 years. I have recovered somewhat from most of it, but I found myself in that growing population of lower-middle class, struggling to survive. Our income is higher than poverty level and we have some smarts and energy, but society and politics has made it a struggle to live the life we dream. Even though we work long and hard, the salaries for us working class do not adequately keep pace with our American dream. Let’s take home ownership for one example.
REQUIREMENTS FOR HOME OWNERS
Banks want you to have a high credit score AND 20% down payment just to get a loan to buy a house. The state wide average house price in Massachusetts right now is $378,800, and it’s a lot more ridiculous in some towns. That means to buy the average house, a bank would want you to give them $75,760 as a down payment (20% of $378,800). Who has over $75,000 laying around? It takes a long time to save that kind of money when you only make $20-30,000 a year! If you haven’t learned how to invest, (which they don’t teach in school), forget it. Ok, you might be able to get away with less at some banks, but then you would need to buy more insurance to cover that less amount. On top of that, your monthly payment would be over $1,900. Besides mortgage and homeowners insurance, if you did have enough for a down payment, you would still have moving expenses, settling in costs, any repairs needed, and of course all the unexpected expenses.
THE RENTAL ALTERNATIVE
If you couldn’t afford all that to buy a house, then you have to rent. Unfortunately, the median rent price in Massachusetts is currently $2,500 per month. Again, it will vary depending on what town you are in, size, age, and amenities of the place. I am always surprised if I ever see an apartment listed for less than $1,000 in my area. That would usually be a small, one bedroom place in a very dumpy neighborhood where I would not want to live. If you have a spouse or any kids, you will need more room and it will cost you a lot more, especially if you want to be near any decent schools, towns, or neighborhoods. Then to rent, many places want a deposit along with first and last month’s rent, so you are looking at around $5,000 just to rent someplace. I never liked renting because I consider it equivalent to flushing money down the toilet. $2,500 a month comes out to $30,000 a year. That’s a lot of money to flush away and be left with nothing to show for it. I have a better solution.
OUR AFFORDABLE HOUSING SOLUTION
IF YOU WANT TO BUY A HOUSE - We can help you purchase, as in BUY your own home WITHOUT the crazy high 20% down payment. I can help you BUY a house for LESS than what you would pay for rent.
IF YOU WANT TO SELL A HOUSE – We can help you sell your house fast and cheap, without paying realtor fees and repairs.
How I can do either would take too long to explain here. DO ONE OF THESE:
As I said in the beginning, I believe lower income people need more affordable housing solutions. I want to provide that affordable housing, whether it’s to purchase or rent. I want to buy houses, mobile homes, and apartments at the right price so I can either resell them for less than every other one for sale or rent them out for less than the average rental amount. People who are not rich have a need for affordable housing and I have a need to help those people as much as I can. If you can help me help them, it would be very much appreciated.
If you want to sell your home or you know anyone who may want to sell a house in either Massachusetts or New Hampshire, please let me know.
I will even pay you up to $500 to let me know about a house that might be for sale. CLICK HERE FOR DETAILS.
All blog posts written by Ty unless specified otherwise.