Yes in these economic times it is still a very wise choice (if one is able) to purchase a home. I understand ultimately the "bank" owns the house, but it is still an investment you are making. You are investing in several ways actually. One way and I think (the most important), is you are making a house into a home. You are "nesting" your family, weather it's just you alone with your faithful four legged friend, or with a spouse and eventually children. You are investing in your life, in a home in a community, in a town of your choice. A home used to be ones "nest-egg". Now getting to the financial investment. Thirty years ago and further back buying a home ment you were settling down raising your family, and years later down the road when you sold your homestead you would make a profit. It was a solid investment. Owning a home was owning a "piece of American pie". I feel it still is. The consumer has to get his/her finances in order yes....there are challengers out there, but there were challenges yeas ago for our parents and grandparents. Buying a home is a worthy goal to obtain if that is your choice. I understand not everyone wants the responsibility of owning a home. Purchasing a home has many rewards STILL in this day and age. Not ready yet...financially? Start now today....get your ducks in a row. A first home for many starts with humble beginnings that's ok, a baby never came out of the womb walking right? Just an added word if during these economic times you had to sell (short sale), sell because you did not want the bank to take your home, and you are renting, it's never to late to start over. It as you know may take time but again start to get those "ducks" in a row have a goal, and restart your "nest egg" again.
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