Are you going to be one of the many people who look back on their lives and tell their children and grandchildren that they used to live in Inglewood in the bad ol’ days? Or are you going to be one of the few remaining residents who have stayed, grown and flourished in the community?
These two options are available right now with the leadership of Mayor James Butts and the city council. Together, they are turning Inglewood from a city you once drove through to get to the airport, into what now looks to be a destination city, easily accessible from any direction.
So now the decision is yours. Do you sell and make some right now money? For some this is a no-brainer. The benefits of selling their home and moving allow them to pocket some money and move to an area they are comfortable with.
However, those who choose to stay, invest in their property, and grow with the community may not get paid today. But over the long run, they may become the next generation of people to create generational wealth through land ownership.
There is no perfect answer to any situation. It all depends on the individual but just be aware that sometimes you don’t always get everything you want right away.
With all this economic improvement and job creation coming to the city, are you going to be one of those people who move away and then commute back to the neighborhood they once called home, to catch a Sunday morning football game or clock in for work?
This may sound like some far off future, but with the growth of the city moving in such a rapid pace Inglewood could be a whole new city in the next 5 years.
So my advice is going to be the same: DON’T MOVE, IMPROVE! You can do this by looking into the many inexpensive ways to improve your home cosmetically that don’t call for you to sell. The 203k Loan for example allows you to take out up to $35,000 in loans to repair kitchens bathrooms and roofs and a loan like this won’t be something so expensive you end up in financial trouble. And this is just one of many programs available to those who want to stay in the community and fix their homes up along the way.
At WLM Financial, our goal and my dream is to teach people how to get in the position to be financially free and with a little bit of hard work and endurance you can get there.