Reply to How does your family survive making under 200k hhi

Forum Index » Money and Finances

Reply to "How does your family survive making under 200k hhi"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote]I see those people hurting the most that bought houses during the housing bubble and then the market crashed. [/quote]

This sort of thing makes me very ambivalent about homeownership.  My father thinks I'm nuts, since we always lived a nice upper middle class lifestyle with a nice house in a good school district and he likes the idea of being able to customize the house as well as build equity.  We are currently renters, mostly because we are still young, will probably need to move in the next few years, and haven't made enough to save up for a house downpayment yet.  But the idea of sinking such a huge amount of wealth into such a non-liquid investment that is subject to these crazy fluctuations in prices seems pretty unappealing.  Combine that with having to deal with selling it if you need to move for work and possibly getting locked in, and that the historical average for housing appreciation is about 1%, whereas the stock market is 8%, and maintenance costs, I see no need to rush into home ownership.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics