Monday, August 13, 2012
Is now the time to buy?
I would say—do you necessarily even EVER want to buy a home? It used to be a certain investment—now, it’s like renting with full responsibility for fixing things that break.
Yes, the interest rates are dirt low—but you need pretty big “downs.” Of course, a big down payment means less you are paying on with interest.
If you rent, you can leave it you want.
You may not be able to do that so easily if your balance is more than you can get for your house. The upsidedown deal.
But—if you rent, you can get chucked out.
This is happening to a relative of mine.
Makes those trailers look pretty good, huh?
I want to tear down my house and build a geodesic dome—but rest assured, this won’t happen.
Let’s just say I met R. Buckminster Fuller at an impressionable time of my life.