Many Hispanic homeowners found themselves underwater (or with negative home equity) and some entered into foreclosure. This is not to say that we should stop seeking to own homes. Rather, be smart and take the preventative steps below to this site make sure that huge proportion of your wealth has a good foundation and remains safe. Make Sure to Have a Savings Reserve Homeowners may often believe that because their house payment takes up such a large portion of their income, they cant save anything else. Dont make this mistake. When a safety net (savings) is not present, then when emergencies hit, you can find yourself in free fall. These emergencies may come about during loss of a job, for example, as happened to many families during the Recession. Build Wealth in Assets Other Than Your Home Housing wealth accounts for 28 percent for the average non-Hispanic white household, while within Hispanic households, the percentage tends to be much higher. Equity in business is the second-biggest class of assets among non-Hispanic white households. Spend some time thinking about growing other aspects of wealth, in addition to your home equity.
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David Hasselhoff, Gene Simmons featured on ‘Celebrity Home Raiders’
In conjunction with Beverly Hills-based Juliens Auctions, the network will debut “Celebrity Home Raiders” on Thursday at 10 p.m. The premise couldnt be simpler: Stars put personal belongings up for sale, with proceeds going to the charity of their choosing. Heres the twist: While the host, Kit Hoover from “Access Hollywood,” gets the celebrities to put a dollar value on their memorabilia, Juliens co-owners Darren Julien and Martin Nolan roam through the residence looking for goodies. Closets and the drawers in the bedroom furniture are always interesting, said Julien, who found a gold record behind a sofa and “Baywatch” dolls in the cupboards of David Hasselhoffs Malibu rental. (That episode airs March 13.) If a celebrity has Stickley furniture, we will sell it, but the iconic and personal items bring the highest bids. And seeing the celebrity on TV with the item thats going to auction is the best form of authenticity. At the end of each show, one of the Juliens co-owners determines the auction estimates for the items. “Martin and I can be the bad guys that give them the reality check, Julien said. Some of the celebrities are not happy with the evaluations, and it shows. “Darren is a cool guy, said Hasselhoff, with a laugh.
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