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Very good article on msn re: buying a house

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Sassyz75
Turning a new page

Member since 5/05

9731 total posts

Name:
Dina

Very good article on msn re: buying a house

3 bad reasons to buy a home

Posted 5/16/07 11:40 AM
 
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kerrycec03
Mom of 2 beautiful boys!!

Member since 6/06

13519 total posts

Name:
Kerry

Re: Very good article on msn re: buying a house

interesting.

Posted 5/16/07 11:43 AM
 

SweetTooth
I'm a tired mommy!

Member since 12/05

20105 total posts

Name:
Lauren

Re: Very good article on msn re: buying a house

I think this line sums it up well:
A home is primarily a place to live. Its value as an investment is secondary and certainly is no replacement for a well-diversified portfolio of stocks and bonds.

Too many people in the past few years thought buying a house would be like a free ATM machine - and thats what led to a lot of the problems that are happening today.

Posted 5/16/07 11:52 AM
 

lululu
LIF Adult

Member since 7/05

9509 total posts

Name:

Re: Very good article on msn re: buying a house

The article has some good points however, it's hard to place a value on the security of knowing that you own your own home. Now, you have to keep in mind that you dont own it until your mortgage is paid off - but I imagine when you get to that day the feeling is something that is hard to beat!

Posted 5/16/07 12:23 PM
 

Sassyz75
Turning a new page

Member since 5/05

9731 total posts

Name:
Dina

Re: Very good article on msn re: buying a house

Posted by lululu

The article has some good points however, it's hard to place a value on the security of knowing that you own your own home. Now, you have to keep in mind that you dont own it until your mortgage is paid off - but I imagine when you get to that day the feeling is something that is hard to beat!



I agree.
My mom didn't buy a house until she was in her late 30s when she was financially able to- and b/c she waited and got something she could afford- in 12 years she paid the entire thing off.. never re-financed, never took out equity- bought it and paid it off..
she and my step father make a modest salary combined- but by living w/i their means, they were able to do it- i think that is key.

Posted 5/16/07 3:26 PM
 
 

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