Skip to main content

The Naked Truth About Home Buying

It’s highly likely I’ve already written about this, but I’ll try to make it entertaining at least.  There’s a guy who works in our office who suffers from kidney stones and from what he’s described, “suffers” might even be a little too tame a word for it.  As an aside, though, when you ask him how painful the experience is, he gets an odd smile and says, “It’s the most intense pain I’ve ever experienced, but it’s hard to describe.  I’ve heard a lot of people compare it to the pain a woman experiences while giving birth.  To that, I must say, those people are big, fat liars!  I’ve been in the presence of a woman giving birth, twice, and her pain has to be 100 times worse.  They’re passing the equivalent of a Buick.  I’m passing a pumpkin seed.”  He’s always been a colorful fellow.

He’s had this wonderful condition for over a decade now, and the stones make their appearance about every 18 months or so.  Up until recently, he had chosen to accept his fate and have the buggers make their appearance that sideline him for about two days, three at the most.  Well, according to him, his most recent bout was so painful, and the entire “incident” lasted off and on for about ten days, he got with his doctor and had the stones analyzed.  I won’t bore you (or gross you out) with what the analysis indicated, but it gave him and his doctor a basis for a solid treatment plan.  Oddly enough, he didn’t have to change his lifestyle and/or diet significantly, but he has to take a pill twice a day that’s larger than any stone he’s ever passed and big enough to choke a medium- or large-sized farm animal, if one is so inclined. 

While you may be sitting there and thinking to yourself, “Wow, I’m glad I don’t have kidney stones,” I’ll say this: every one of us has something in our lives that’s a kidney stone something that is small and doesn’t happen on a daily basis, but when it comes, it knocks us off our game or diverts us from our goal; and most of the time, we do nothing to change it because we right ourselves and accept the delay.  But as time goes on, hopefully, the “stone” gets big enough and causes enough of a hindrance and/or obstacle that we’re compelled to take action and not just remove it from our lives but take steps to prevent it from happening again. 

In the case of a potential homeowner, these “stones” take many forms and I’m not talking about foreclosure, bankruptcy, etc. (those are major incidents that require a lot more time and attention).  I’m referring to things like multiple trips to Starbucks in a week that add up, financing a car over a longer period of time to get “the right payment”, paying for a big summer trip with your credit card because you’re “pretty sure” you’ll get a nice bonus to cover it at year’s end, and so on.  Before you even start LOOKING at homes, get with a mortgage company to give your financial health a thorough exam unlike a doctor’s visit that costs a bit of cash depending on what type of medical insurance you have, such an “exam” with a mortgage company is free.  They’ll be able to tell you what needs to be cut out, changed, and/or added to your spending habits to remove the “stone” before it has a chance to divert you from your goal a delay in that process is unacceptable.  If a mortgage company asks you to disrobe for the exam, you’ll know you picked the wrong one.

Comments

Popular posts from this blog

Numbers Don't Lie, But Wherein Lies the Truth? (Posted November 21, 2016)

Said with enough conviction, you can make almost anything sound true.   Preface the fabrication with “according to a recent bi-partisan government study,” and you’re three quarters of the way to selling the lie to a lot of people.   Seriously, try this. The next time you’re at a dinner party or having coffee with friends, pepper this little tidbit into the conversation: “I read something really interesting the other day.   According to a recent bi-partisan government study – I think it took them three years to get it all done – middle-aged men who drive either a Toyota Camry or a Honda Odyssey have more testosterone than younger men who drive either a Ford F150 or a Dodge Charger.”   You’ll get some raised eyebrows and looks of mild disbelief, but don’t let that deter you.   Just lift up your hands, palms outward, and say, “I just think it’s interesting, and it makes sense when you think about it” – and then change the subject to something completely u...

Couching Your Savings Correctly (Posted July 25, 2016)

I recently read an article online about a gentleman who set a goal to purchase a home and then mapped out very specific steps as to how he would reach that goal.   Personally, I was extremely impressed by his discipline and foresight.   His goal had two parts to it: save $150,000 for a down payment and purchase a home.   Before you choke on your coffee or spit soda through your nose, let me disclose here that the gentleman who is the subject of the article was purchasing a home in the New York City area.   Now that your blood pressure is returning to normal and you’ve spared your freshly ironed white shirt from staining, I’ll give you a breakdown of his plan: •   Starting in 2007, he looked at his annual salary and then took a look at the amount of credit card debt he was carrying; he cut back on as many expenses as possible so he could pay off that credit card debt in the first year.   Touché! •   He kept his lifestyle scaled back to the poin...

Dumb as (or Smart as) a Box of Rocks (Posted June 27, 2016)

Obviously, you all want to know what Brexit means to the economy and the housing market specifically.   So do I!   But since my crystal ball is at the cleaner’s, let’s give the Brits and the European Union a little time to work out the terms of their separation and look at something else.   What’s a “fad ”?   With the help of Google, this is what I got as a definition: “an intense and widely shared enthusiasm for something, especially one that is short-lived and without basis in the object's qualities; a craze.” In April 1975, an advertising executive by the name of Gary Dahl invented the Pet Rock.   The idea came from his sitting in a bar with some friends who were complaining about the cost and time required to take care of various types of pets.   He marketed his “pets” by placing a rock in a box cut and shaped like one you would get at the pet store to carry home a puppy or a kitten.   Along with the box and the rock, a booklet was included...