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"Just Thinking"
The movie “City Slickers” is a classic that came out in 1991. It was a fun and funny adventure about a group of three friends that left the day-to-day grind of city life for a 2-week adventure on a dude ranch. The first couple days are spent learning how to ride a horse, rope a cow and herding cattle. After a comedy of errors, they embark on a cattle-driving adventure.

The cattle driving excursion is a series of misadventures and hardships that test the three friends and forces them to confront some inner demons on their trail to self-discovery. One of the key figures is a grizzly old cowboy named Curly (Jack Palance), he is the trail boss and quite an intimidating character who seems to be present for every stupid mistake that our heroes make. After surviving some of the trials on the trail, they start the breakthrough Curly’s tough exterior, he begins to warm up to the group and the main character Mitch (Billy Crystal) in particular. This is the pretense to my favorite parts of the movie, Mitch and Curly are riding along the trail just talking about lives problems, when Curly says; “you city folk spend about 50 weeks a year gettin’ knots in your rope, and then you think two weeks out here will untie ‘em for ya.” He stops and looks Mitch and says, “Do you know what the secret of life is?” Mitch replies, “No, what?” Curly holds up the index finger on his gloved hand and says, “This!” Mitch says, “Your finger?” Curly goes on to explain that he means that only one thing matters in life. Mitch says, “That’s great, but what’s the one thing?" Curly responds, “That’s what you gotta figure out.”

I have thought of that line many times over the years and have used it on others on more than one occasion, although never in the grizzled voice of Curly and not with nearly with the same bravado. This life lesson that Curly was letting Mitch in on is that it is up to us to figure out the one thing in our life that matters most to us. You need to put aside all of the noise and obstacles that invade us on a daily basis and remember what you care about most, your family, your friends, your faith, being the best person that you can be, to lead by example and to focus on what is important now. Dropping in Lou Holtz’s three rules to live by into the mix; Do what’s right, Do your best and Show people that you care.

In short, City Slickers is worth a rewatch, it is more than just an aging comedy. It brilliantly covers the topics of family, friendships, a midlife crisis, and the search for meaning in life. It’s a funny and poignant adventure with great scenery, a cattle drive (Covering the Western Movie Genre), a happy ending and a great life lesson.

Let me know what you think.
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This Weeks Top Story
Nearly 40% Of Homeowners Couldn’t Afford Their Homes Today
Almost two out of five homeowners (38%) say they could not afford their own home if they were to buy it today. 
 
And while Baby Boomers typically have more financial resources to tap for a home purchase, they’re also the most likely to say they could not afford to buy their home today. 
 
That’s according to a new survey commissioned by Redfin and conducted by Qualtrics in February 2024, with responses from roughly 3,000 U.S. residents. 
 
Nearly six out of ten (59%) homeowners who answered this question (“Could you afford to buy your home if you were purchasing it today?”) have lived in their current home for 10 years or more, while another 21% have owned their home for at least five years. 
 
So, the majority of the homeowners responding to this survey have seen how home prices in their neighborhood have soared since they bought their current home. 
 
The median U.S. home sale price has doubled over the last decade. The past five years alone have seen a 50% jump in price. And they’ve soared for a number of reasons. 
 
DOUBLED HOME PRICES AND ELEVATED MORTGAGE RATES

Even before the COVID pandemic, home prices were climbing due to a prolonged shortage in housing supply, combined with a strong labor market and growing population and household formation, which fueled buyer demand. 
 
Then, during the pandemic, those already high home prices rocketed in response to ultra-low mortgage rates and the nationwide increase in remote work, both of which accelerated homebuyer migration and drove demand through the roof. 
 
Then, since early 2022, mortgage rates have more than doubled, adding hundreds of dollars to monthly housing costs, providing yet another reason many homeowners could not afford their current home if they were looking to buy it in today’s market. 
 
Take a look at the difference: 
  • Buyer #1, who purchases today’s median-priced home for roughly $420,000, with a 7.1% mortgage rate (the current 30-year fixed rate average), is looking at a monthly housing payment of $2,864. 
  • Buyer #2, who purchases the same home at the same price, with a 4% mortgage rate—which was common back in 2019—would have a monthly payment of $2,210—about $650 less. 

Rising home prices are a double-edged sword. On the one hand, Americans who already own homes benefit from rising values and they can consider themselves lucky they broke into the housing market while they could still afford it. On the other hand, price appreciation makes the prospect of buying a new home daunting or even impossible for many people who want to move. Prices have risen enough that a similar home and location would be much pricier than a home someone already owns–even accounting for inflation. Add elevated mortgage rates to the equation, and moving up to a bigger, better home is even more costly and perhaps out of reach. - Elijah de la Campa - Redfin Senior Economist
Finish - The Full Story

Posted by:
Sarah Lentz 
April 24, 2024 
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Previous Newsletters
April 19th
Nearly 20% Of Home Sellers Take A Loss In This City...
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January 19th
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The road is frighteningly long if all you see is the end.
So, make reaching the end of the road your goal.
Step forward every day with a clear vision of the end.
Step after step, day after day moving forward.
You'll reach the end and achieve your goal and realize that the journey was the point all along.
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