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Money and Finances
Reply to "need to buy a home to save money but can't"
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[quote=Anonymous][quote=Anonymous]You can't assume that you will be able to refinance within a year to a better deal. What if interest rates go up? Also, if you need to move in 5 years, the transaction costs may eat up any financial gain you accrued through owning. [/quote] Yes, yes and yes. OP - home owning is NOT the be all, end all of financial success. I'm sorry for your hardships, and you'll be able to get back on your feet financially, I'm sure. But owning a home at this point is not going to do it. Why are your utilities so high? Can you break those down for us? How many square feet is the house and how much is each bill? [/quote]
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