Discussing Home Ownership with Joshua Kerrigan

In the past, people thought everyone should own a home. Young people were encouraged to buy their first homes as soon as possible, and in a few years, those people were told they could flip that house and buy something nicer. With the downturn in the housing market in the United States, people have begun to reassess how they think about home ownership. Many young people are opting to stay out of the home market altogether. Other young people, such as Joshua Kerrigan, are still active believers in the housing market, and they've made investments that back up their beliefs.

Joshua Kerrigan bought his first home last year. The home he purchased is in Pompano Beach, Florida. The entire state of Florida has been hit hard by the slump in the housing market. Many people have walked away from their mortgages, meaning that the housing market is flooded with homes that are in active foreclosure. This is bad news if you've already invested in a home in Florida, but it's great news if you're Joshua Kerrigan and you're just entering the housing market. He was able to find a great home in Pompano Beach, and he didn't break his budget to buy his home.

Joshua Kerrigan takes home ownership seriously. He's spent a significant amount of time and money on his new home in Florida, making improvements that increase both the value and livability of his house. Since he paid a reasonable amount of money for his home, and his mortgage is at a low interest rate, he has the funds to make improvements.

People like Joshua Kerrigan think now is a great time to enter the housing market. Prices are low, interest rates are low and selection is vast. People like Joshua Kerrigan, who have steady jobs and a decent income, can find a wonderful home at a low cost, and this investment could pay big dividends down the line. They may not be able to flip the home in a year or two and make back their money, but it's likely that the homes they buy will suit them for decades. With the money they save on the mortgage, people like Joshua Kerrigan can modify their homes to make them suitable for decades to come. In fact, Joshua Kerrigan may customize his home to such a degree that he'll never be tempted to move again. This is a significant investment, and people like Joshua Kerrigan are fortunate to take advantage of the opportunity to invest in this manner.