I recently responded to a blog asserting that the best time to buy a home is now.
We've all heard that mantra from countless salepeople, so it should come as no surprise.
However, my feeling is that the best time (recently) to buy and hold was a about 5 years ago
when rates were much lower, and before housing prices peaked.
If you had taken out a 15 years fixed mortgage, you'd only have 10 years left to go -
but a15-year fixed would have cut into your buying power, and you would have had to buy a smaller
home... Were too many people guilty of S_T_R_E_T_C_H_I_N_G???
All comments welcome!
Cheers!
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