Buy a house now, or wait?

Discussion in 'Credit Talk' started by Fuba, Jun 26, 2003.

  1. Fuba

    Fuba Well-Known Member

    Interest rates are at the lowest they have been in years, this is great since I plan to buy my first home.

    Maybe it's not so great. Housing prices here in the northeast are at super highs. I hear talk about the real estate bubble.

    Back in 87' prices were sky high, then the crash came. Prices really dropped.

    So what do I do? Go on renting, praying for the crash to come, or do I buy now?
     
  2. LosAngeles

    LosAngeles Well-Known Member

    Buy now, sell before crash :)
     
  3. jlynn

    jlynn Well-Known Member

    What are your long term plans? To stay in the house a couple of years and move up? Or to buy and stay for years?
     
  4. Fuba

    Fuba Well-Known Member

    I was thinking of getting something for 3 to 4 years then upgrading.
     
  5. lbrown59

    lbrown59 Well-Known Member

    Fuba
    ===============
    Why not do it in one shot?
    Why pay for a home twice?
    Why add 3 or 4 extra years of payments and interest to a home loan?

    THE END ** *** ** LB 59
    """""""""```~~~```'"""""""""
     

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