Showing posts with label Planning. Show all posts
Showing posts with label Planning. Show all posts

Friday, September 23, 2016

Feeling pressure to buy a home? Resist!



The homeownership rate is at record lows–but that may be a blessing in disguise for young workers and many others who need flexibility in their careers to get ahead.

Too many people bought homes at the peak of the housing boom a decade ago, leading to a foreclosure epidemic when it turned out many couldn’t afford the mortgages. The pendulum has now most likely swung too far back the other way, and the adjustment isn’t over. “We think it will get worse before it gets better,” Ralph McLaughlin, chief economist of online real-estate firm Trulia, explains in the video above. “Eighteen-to-34-year-olds are the largest share of the population, and they just don’t own homes at the rate older people do.”  

Young people face many difficulties trying to buy a home these days. In many markets, there’s a shortage of starter homes, which has pushed prices beyond what first-time buyers can’t afford. Banks, meanwhile, are pickier about whom they lend money to than they were before the 2008 financial crisis. And a heavy student-debt burden for some young workers leaves little left to save for a down payment. 


But a lot of young people might be better off renting than buying, even if they feel they’re not living up to the standards of their parents’ generation. “Take a deep look at your personal circumstances,” McLaughlin advises. “If you’re a little uncertain whether you might move someplace else, or your parents or family live someplace else and you might need to take care of them, it’s probably a good idea to rent.” 

McLaughlin says he himself made the mistake of buying his first home when he was 29 years old—six months before getting another opportunity that required him to move. Even if a seller can unload a house for the same price he paid just a few months earlier, he’ll typically lose thousands in closing costs, agency fees and other one-time expenses. 

Workers today need to be more flexible than in decades past, since many companies operate all over the world and technology can rapidly disrupt industries that seem stable. Housing experts typically say it’s a good idea to buy if you’re pretty sure you won’t be going anywhere for 7 to 10 years. But given the pace of change today, fewer and fewer people can look that far into the future with reasonable certainty. 

Some things remain the same, though. As young people get married and have kids, they need more space and homes in good school districts—which are often in the suburbs, where the only real option is to buy. “Millennials are not getting married at the rate their parents did, or they’re getting married later,” McLaughlin says. “But we do know they want to own a home eventually. They’re just not in the personal situation to do it right at this moment.” There’s nothing at all wrong with that.

 Courtesy: Rick Newman. His latest book is Liberty for All: A Manifesto for Reclaiming Financial and Political Freedom.



Tuesday, July 21, 2015

Nigeria Committed to Good Governance and Fighting Terror.

By Muhammadu Buhari  (President of Nigeria).

This month, the world moved a step closer to the defeat of Boko Haram, the jihadist group that has terrorized hundreds of thousands in the northern states of Nigeria. In one of my first acts since taking office as president six weeks ago, I have replaced the heads of Nigeria’s army, navy and air force. Our new military leadership has not been chosen because of their familiarity with those in government, as was too often the case in the past, but on their track records and qualifications alone.

These new military leaders will be based in Borno State in northern Nigeria, where the headquarters of the armed services has been relocated. This shift of resources and command directly to the front line, in addition to the replacement of the head of the State Security Service, Nigeria’s intelligence organization, and a new emphasis on working in partnership with our neighbors, has equipped us to take the fight directly to Boko Haram.

Already we are beginning to see a degrading of Boko Haram’s capabilities as a fighting force. In recent weeks, it appears to have shifted away from confronting the military directly to an increase in attacks on civilian areas, as we saw only last week when an elderly woman and 10-year-old girl blew themselves up at a Muslim prayer gathering in northeastern Nigeria. We should not be confused by this change, hateful as it is: It does not mean that Boko Haram is succeeding in its aims — it shows that it is losing.

While we work to defeat the terrorists, I ask the people of Nigeria and the world for resolve and fortitude. The campaign we will wage will not be easy; it may not be swift. We should expect stages of success and also moments when it may appear that our advances have been checked. But no one should have any doubt as to the strength of our collective will or my commitment to rid this nation of terror and bring back peace and normalcy to all affected areas.

Similarly, my determination should not be underestimated in other matters. This includes instilling good governance and tackling the scourge of corruption that has held Nigeria back for too long.

As I meet with President Obama today — the first time a president of the United States will encounter a Nigerian counterpart following the peaceful transfer of power in a contested election in our history — I will be discussing my plans for critical reforms. So, too, will I discuss why the formation of my administration is taking time and, crucially, why it must. Already there are voices saying these changes are taking too long — even though only six weeks have passed since my inauguration. I hear such calls, but this task cannot and should not be rushed.

When cabinet ministers are appointed in September, it will be some months after I took the oath of office. It is worth noting that Obama himself did not have his full Cabinet in place for several months after first taking office; the United States did not cease to function in the interim. In Nigeria’s case, it would neither be prudent nor serve the interests of sound government to have made these appointments immediately on my elevation to the presidency; instead, Nigeria must first put new rules of conduct and good governance in place.

I cannot stress how important it is to ensure that this process is carried out correctly, just as it has been crucial to first install the correct leadership of the military and security services before we fully take the fight to Boko Haram.

There are too few examples in the history of Nigeria since independence where it can be said that good management and governance were instituted at a national level. This lack of a governance framework has allowed many of those in charge, devoid of any real checks and balances, to plunder. The fact that I now seek Obama’s assistance in locating and returning $150 billion in funds stolen in the past decade and held in foreign bank accounts on behalf of former, corrupt officials is testament to how badly Nigeria has been run. This way of conducting our affairs cannot continue.

Indeed, the failure of governance, it can be argued, has been as much a factor in Nigeria’s inability thus far to defeat Boko Haram as have been issues with the military campaign itself.

So the path we must take is simple, even if it is not easy: First, instill rules and good governance; second, install officials who are experienced and capable of managing state agencies and ministries; and third, seek to recover funds stolen under previous regimes so that this money can be invested in Nigeria for the benefit of all of our citizens.

We seek the support and partnership of the United States in these tasks. The importance of the fight against terrorism and corruption in Nigeria, Africa’s most powerful economy and largest populace, cannot be underestimated. Our allies can provide much-needed military training and intelligence as our soldiers take the war effort to Boko Haram. Similarly, we look to U.S. businesses as well as the Obama administration to help develop governance initiatives that can ensure that Nigeria’s wealth benefits all its people, not just a few. By taking these steps, we will be positioned to benefit from increased investment — particularly in energy and electricity — from the United States.

I was elected on a platform of change. I know this is what the people of Nigeria desire more than anything else. I know they are impatient for action. I realize the world waits to see evidence that my administration will be different from all those that came before. Yet reforming my country after so many years of abuse cannot be achieved overnight. In our campaigns against both Boko Haram and corruption, we should remain steadfast and remember, as it is said: “Have patience. All things become difficult before they become easy.”

First published in Washington Post on July 20, 2015.

Tuesday, May 5, 2015

A Fool at Forty.

By the age of 26, Albert Einstein had already designed some scientific works that stunned and defined the world. At that same age today, there are millions of young people who don't even know what they want to do in life. They are neither laying an academic foundation nor busy in the pursuit of some entrepreneurship. All they do is drag themselves from one pit of stagnation to another. And before they know it, they are forty years old! Blog_fool

There are different objectives to be achieved by an individual at varying stages of his/her life. Yet, each has its time. To carry over a failed objective from one stage to the next is a sad recipe for life's failure. It's therefore amazing to see too many young people take every stage of their lives for granted. For instance, an unaccounted couple of years  in the life of a youngster can later constitute a big clog in the life of that person. This explains the adage, “A fool at forty is a fool forever”.

 

Saturday, August 16, 2014

Being Visionary is Lofty.

“The word, visionary, is lofty but overused.

Somewhat abused. There are a few people who can really see something

that doesn’t exist…create it…explain it…and get others to follow.” – Jenna Lyons.

Blog_jobs

 

Monday, July 2, 2012

Lesson From Teddy Pendergrass

From Teddy Pendergrass, I learn that life is a song worth singing.

"Life Is A Song Worth Singing"


Life is a song worth singing
Why don't you sing it?
Life is a song worth singing
Why don't you sing it?

You hold the key in the palm of your hand, use it
Don't blame your life on the master plan, change it

Only you generate the power
To decide what to do with your life
You're a fool if you think you're helpless
You control what you do with your life

Life is a song worth singing
Why don't you sing it?
Life is a song worth singing
Why don't you sing it?

Don't like the way you're living, too bad
Can't change your life 'cause it's out of your hand, so sad

So you sit on your pants and holler
'Cause the world ain't been treating you right
Don't you know you contain the power
To control destiny with your mind

You control what you do with your life
You're a fool if you think you're helpless
Can't change your life 'cause it's out of your hand, so sad, no

You got the power, use it, use it
You got to control destiny with your mind
Right here, right here, right here
You decide what to do with your life, well, well

Life is a song worth singing