Interest rates went down again I understand & I still think even thru all the ruckus it's still a good financial option for most. Most people think that 'everyone' is loosing their homes when in fact, as you stated, it's around 1%. That makes 99% that are OK or having a hard time like everyone is right now. The media is focusing on the minority as usual.
The rule of having to pay something to live some where holds ...Now, if you can own and pay, well you have a live piggy bank on your hands. Feeding it daily will produce a big hog one day
Bill, home prices and financing are at very attractive levels for anyone who is thinking about upgrading their lifestyle. Waiting for even better prices and rates can't yiels a whole lot more except a delay in having a better life.
Lyn, there are a lot of people who should not buy a home today or probably ever. They're the ones who are worried every month about how they are going to get the rent money together. Others look around and see those people in their land of the bland rental environment and worry that it will happen to them. There are losers and winners in life, and this is a great time to choose sides.
Richie, nobody can argue with doing daily chores. Feed the pig first and often. Renters are feeding the pig too, but the landlord owns the pig.
There hasn't been a better time to buy a home in a long time. Interest rate at 3.875 here. A buyer here just bought a 2 bedroom remodeled condo for $59,000. Payment is $450 on a 15 year loan. You can't rent for that. She was paying a $1,000 a month. No Brainer!