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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
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Very good article on msn re: buying a house
3 bad reasons to buy a home
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Posted 5/16/07 11:40 AM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
kerrycec03
Mom of 2 beautiful boys!!
Member since 6/06 13519 total posts
Name:
Kerry
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Re: Very good article on msn re: buying a house
interesting.
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| Posted 5/16/07 11:43 AM |
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SweetTooth
I'm a tired mommy!
Member since 12/05 20105 total posts
Name:
Lauren
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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.
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| Posted 5/16/07 11:52 AM |
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lululu
LIF Adult
Member since 7/05 9511 total posts
Name:
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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!
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| Posted 5/16/07 12:23 PM |
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Sassyz75
Turning a new page
Member since 5/05 9731 total posts
Name:
Dina
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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.
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| Posted 5/16/07 3:26 PM |
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