Wilmington, NC Real Estate Blog

Inflation, by its definition in "Websters Handy College Dictionary" is a noun, a condition in which the money in circulation is excessive for the commodities on sale or being used. 

Now I'm no scholar, or have an economic degree, or even understand the amount of money 787 billion dollars is.(are?)   Inflation probably was derived from the word inflate...I don't know....but maybe, and probably.  Inflate means to fill with air, swell, raise or expand, and it also means to exaggerate!  It also means overblown, grandiose, ostentatious, pompous, pretentious, verbose.  My favorite of those definitions is overblown....no wait, it's grandiose, I mean it's pompous, no I think it is definitely filled with air.  Hot air most likely!  Did anybody read or understand the 1200 pages of "The Plan"? 

I had to go to Websters to look up those meanings....where do politicians go to look up how to spend money?  They go back in history, and see what they did before them (I think) and if history proves them right, we will see.....

So now we have too much money, that we don't know what to do with (lets spend it)  So inflation will be coming at 'ya.    Hang on, it will be a wild ride for years to come!  You think this recession or depression is bad....Wait... this 787 billion will seem like chump change in a few years.  You know what they say...."Pay backs are a Bitch"  can I say that?

Dick Beals

Welcome to a  new listing that is a perfect fit for the parent and student (or students)  View the virtual tour here.  Perfect for the student, as it is in the sub-division of  Stones Throw (catchy name uh?) and a stones throw from the campus of UNCW, and within walking distance to shopping, coffee shops and pizza joints (college students live on pizza...trust me on that one)

904 Dolphin Court is also perfect for the parent.  Why? Do the numbers.  A student living on campus cost dear old Mom and Dad about $600 per month, along with food, entertainment, dates, and mad money.  Probably a conservative $1000 per month, plus the tuition...it is a huge expense to put a student through college these days.  Why not purchase this nice town-home, get 2 of your son's or daughter's friends to move in with them at $500 per month each, and share utilities and expenses? 

The cost of owning this town-home will be under $1000 per month, the kids students will be happier living off campus by themselves, and you will have a rental property in four years or a nice place to use while you are at the beach. Or maybe sell it at a profit when the son and daughter graduate.  Yes a profit!  Talk to your tax person or accountant to understand the tax benefits of owning this investment tax write-off.

Need financing?  Ever hear the term Kiddie-Condo-Loans? These are perfect for this!  AND if the stimulus package goes through, as expected, the time is NOW.  Don't wait!! homes will be selling, and in two or three years you do not want to be heard saying....

"I should have bought when the market was down"  "I should have listened to Dick and Sandy Beals from Wilmington Real Estate 4u!"

Dick Beals