Tag: Homer Glen

Millionaire to Millennials: Don’t Rent a Home… Buy.

Millionaire to Millennials: Don’t Rent a Home… Buy! | Keeping Current Matters

In a CNBC article, self-made millionaire David Bach explained that: The biggest mistake millennials are making is not buying their first home.” He goes on to say that, “If you want to build real financial security, real wealth for your lifetime, then you need to buy a home.

Bach went on to explain:

“Homeowners are worth 40 times more than renters. Now, that first home doesn’t need to be a dream home, it can be a very small home. You might literally have to buy a small studio apartment, but that’s how you get started.”

Then he explains the secret in order to buy that home!

Don’t do a 30-year mortgage. You want to take that 30-year mortgage and instead pay it off early, do a 15-year mortgage. What happens if you do a 15-year mortgage? Well, one, you pay the mortgage off 15-years sooner, that means you’ll be able to retire in your fifties. Number two, you’ll save a fortune (on potentially hundreds of thousands of dollars in interest payments).”

What will it cost to pay your mortgage in fifteen years? He explains further:

“For fifteen years, you got to brownbag your lunch. Think about that! Brownbag your lunch literally for fifteen years. You can retire ten years sooner than your friends. You’ll have real wealth, because you bought a home – you’re not a renter. And you’ll be financially secure for life.”

 

 

The first step is to see what you can afford – speak to a mortgage lender and obtain a loan pre approval. Then, contact The Glockler Group. We work with many first-time home buyers as well.

Who is David Bach?

Bach is a self-made millionaire who has written nine consecutive New York Times bestsellers. His book, “The Automatic Millionaire,”spent 31 weeks on the New York Times bestseller list. He is one of the only business authors in history to have four books simultaneously on the New York Times, Wall Street Journal, BusinessWeek and USA Today bestseller lists.

He has been a contributor to NBC’s Today Show, appearing more than 100 times, as well as a regular on ABC, CBS, Fox, CNBC, CNN, Yahoo, The View, and PBS. He has also been profiled in many major publications, including the New York Times, BusinessWeek, USA Today, People, Reader’s Digest, Time, Financial Times, Washington Post, the Wall Street Journal, Working Woman, Glamour, Family Circle, Redbook, Huffington Post, Business Insider, Investors’ Business Daily, and Forbes.

Homer Glen Approves Extension for Planned Upscale Shopping Venue

Homer Glen OKs extension for planned upscale shopping venue
Homer Glen upscale shopping center.jpg
A rendering of Waterfall Place, a planned 75,000-square-foot entertainment complex to be built at 12500 W. 159th St. in Homer Glen. (Legacy Development Group, HANDOUT)
By Michelle Mullins
Daily Southtown

An upscale dining and shopping venue is expected to be built in Homer Glen as the Illinois Department of Transportation finishes its 159th Street widening project in a couple of years, officials said.

The Homer Glen Village Board on Wednesday extended for another year its approval of the final development plan for Waterfall Place, a proposed 75,000-square-foot entertainment complex with shopping, boutiques, office space, fine dining, a spa and a gaming arcade to be built at 12500 W. 159th St.

Plans were approved in 2010 but the project stalled both because of the economy and the widening of 159th Street being in limbo.

Legacy Development Group for each of the past three years has requested and received from the Homer Glen Village Board a one-year extension to keep the project alive.

Developer Boris Predovich said Wednesday he hopes to time the construction of Waterfall Place with the end of IDOT’s widening of 159th Street from two lanes to four lanes, a project expected to take about two years after construction begins.

“We have a very active interest in moving forward,” Predovich said. “We have to be respectful to IDOT.”

Years in the making, the widening project is moving forward. Contracts were awarded last year for preliminary work such as tree removal and erosion and sediment control.

Waterfall Place is geared for families and is expected to draw regional interest, Predovich said.

Trustees also agreed to a request by A Touch of Green to move its monument sign but keep its electronic messaging board.

A Touch of Green, 12720 W. 159th St., is being forced to move its sign because of the widening of 159th Street. The company wanted to update its sign but still retain its electronic message board, but electronic signs are prohibited under the village’s sign ordinance.

Since the company had its sign before the village incorporated, the electronic message board was grandfathered in, but some trustees said that the business should comply with the sign ordinance since it is now changing its sign.

Other trustees said they were sympathetic to the business’s plight, noting that IDOT’s construction is forcing the sign relocation.

The board voted 4-3 to allow A Touch of Green to retain the electronic message board. Trustees Margaret Sabo, George Yukich and Sharon Sweas voted against it.

Michelle Mullins is a freelance reporter.

Homer Glen Real Estate Property Sales – November 2014

Homer Glen – Property Sales for Single Family Homes

November Property sales were 15, up 15.4% from 13 in November of 2013 and -11.8% lower than the 17 sales last month. November 2014 sales were at a mid level compared to November of 2013 and 2012. November YTD sales of 192 are running -4.0% behind last year’s year-to-date sales of 200.

Homer Glen – Ranked Safest Illinois Suburb

Real estate blog ranks safest suburbs

Where’s the safest place to live in Illinois?

The Village of Homer Glen is the safest place to live in Illinois, according to a list released this month by a real estate website, Movoto.

“If you’re looking for safety in all areas, it has to be Homer Glen. … In fact, if you live here, you only had a one in 127 chance of being the victim of a crime in 2012,” according to the list published by Movoto Real Estate.

A number of other Chicagoland suburbs were on the list’s top 10 safest places. Buffalo Grove came in second, followed by Geneva, Bartlett, Roselle, Lisle, Glen Ellyn, Glenview, New Lenox and Libertyville.

The list looked at data pulled from the Federal Bureau of Investigation’s 2012 crime statistics of the most populated places in the state. A list of the top 50 shows each town’s population and rank, along with the number of murders, violent crimes, property crimes and total crimes per 100,000 residents.

— Quan Truong, Tribune reporter

This was posted on the Tribune, originally from Movoto, it is not written by us.