There is a time for Superman and there is a time for Clark Kent

Superman is dangerous. He battles seemingly unstoppable villains only to miss sure catastrophe by a hair. Victory was always dependant as much on timing and risk as his amazing power. Superman could not plan for the future as he was never sure how long he could tempt fate.

Superman wanted to be Clark Kent. Stable and steady and looking to create a life that had a future that could be foreseen.

The housing market over the past few years has created a climate for property investors to act like Superman. High risk mortgages were available, and when it seemed the fast rate increases would lead to certain financial disaster, the appreciation of the property and low mortgage rates provided for a narrow escape.

Now, as a home buyer, it is time to be Clark Kent.

OK- I don't know very many people who wanted to be Clark Kent for Halloween. Everyone wanted the cape and the blue suit with the built in muscles. But we are looking at slower appreciation and higher mortgage rates- timing will not provide for colossal victories based on narrow escapes.

Plan for your future with your home investments. When you are searching for a home- look for a place that you want to live in for some time. Make sure that your mortgage payments allow for you to save money. Life is a series of unexpected events around a few planned ones, and those unexpected events often cost money. Your home will appreciate over time and will become the foundation of your lifestyle and your future investments. Protect your investment by making sure your mortgage payment does not become your Kryptonite!