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Housebuilding Tips issue#016 Wow, 2008 was a strange year!
December 31, 2008
Dear Friends

Wow, 2008 was a strange year!

December 2008

Wow, this has been a strange year!

We’ve seen the financial credit market fall apart, the housing market plummet, and many ruthless and greedy financial leaders exposed. All this in an election year, which makes it even stranger.

For the first time ever, we’ve seen new homes lose value just like new cars. We all expect a new car to lose up to 20% of its value the moment we get it home, but a home is different. A home is a savings account, an investment.

I see homes in my neighborhood that sold for $200,000 just 2 years ago that are now selling for $160,000. Homeowners have little incentive to hold on to a mortgage that has such a negative amount of equity.

The importance of our message is stronger than it has ever been.

If we build our own homes, we won’t have the problems many people are facing today.

I love this great nation with all my heart. It seems that we are all learning as we go. We’re getting some important lessons on money right now. The one thing I know for sure about money is this:

Money doesn’t bring happiness, but the lack of it almost always brings sadness.

The modern world requires a fair amount of financial security to maintain comfort. My heart goes out to those people using 30 to 50% of their paychecks to pay for a home. There is nothing left over after the needs are met. They are struggling and it makes me sad. I know many people in that situation.

Let’s stay on course with our goals of doing our own construction on our homes. We can’t save the world, but we can definitely save ourselves.

Have an excellent new year,

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Little Rock, Arkansas

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