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Why Buying a Home Is the Best Option
We counter the five most common reasons people cite for not buying a home.
 
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Posted 4:12 PM EST March 18, 2008
Posted by: hi_there
it is now 3/18/2008.
BSC crashed, yesterday to $2.
FED has cut rates today, again by 75 basis points.
Long term mortgage interest rates still going up.
Mortgage paper (securities) so risky, nobody wants to buy them.
Recession around the corner.
housing prices declined 8.9% average across the US in 2007
expected, another 15% decline
Yes, go buy a house
It will give you some more stress during the recession.
Renting is cheaper and thats what the smart money is doing
good luck
Posted 3:26 PM EST September 29, 2007
Posted by: jshreeves7
droelhaf, $1,000 in rent won't buy you the same house that you could have if you were paying $2,000 in mortgage. Plus you'll get back a third of that $2,000 back in tax savings. I rent and pay about the same as you, the only difference is my company will probably relocate me within the next 4 months. If you're staying in that town for a while, BUY! Otherwise write cards to money$mart asking him how the good life is. - Jamie Shreeves
Posted 10:29 PM EST May 14, 2007
Posted by: money$mart
As a landlord, I would like to thank you and everyone out there with this mentality for helping to fund my retirement. I will think of you fondly when I am basking in the sun on a white, sandy beach in the Carribean enjoying my early, and quite comfortable, retirement.
Posted 12:00 PM EST April 26, 2007
Posted by: droelhaf
The problem is, I could pay $2000 a month in mortgage payments plus $4000 a year in property taxes or pay the $1000 in rent I am paying. Somehow buying a house right now just doesn't add up.
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Comments From Around the Web
Posted: 1:23 PM EST October 12, 2009
Posted by: haroldeavent on Twitter

Why Buying A Home Is The Best Option http://ow.ly/tVDs

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