Reply to How much can we afford to spend on home?

Forum Index » Money and Finances

Reply to "How much can we afford to spend on home?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]Put down $100k and get a $900k house at historically low interest rates.  The $100k will give you a far greater return than any other investment as the house appreciates, even if a low amount.

No brainer.  [/quote]

In the long term, housing prices stay in tune with wage inflation.  That was not the case in the 2000's, but it is factually, true.  Do NOT consider your home as an "investment."  Your money is not working for you.  You are living in your money/debt.

Perhaps read a few books from the library before making the biggest financial commitment of your life.  I mean that very  seriously.  It's SOOO easy to get swept away by beautiful finishings and fixtures.  Please read up on "The Smartest Money Book You'll Ever Read" and "Your Money Ratios."  It's a weekend's worth of your time and it will save you thousands of dollars by giving you info to make good choices.  [/quote]

Dipshit, if a $900k house appreciates with wage inflation, that is a return on your 15% cash investment financed at tax beneficial 3%.[/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