Should I buy a house?

[shoreman1782]

"In these uncertain times."

 

[Piobaire]

Originally Posted by shoreman1782

"In these uncertain times."

Poll coming up

Yes. And make sure it's one you can't afford, and get 90 days behind on payments ASAP!

 

[shoreman1782]

Unfortunately, I have to go through a reputable lender and FHA, so I'm no longer allowed to do that.

I figured, I need SF approval for every little action I do, so I might as well ask the hivemind this one.

 

[thekunk07]

yes you should, but don't pay on time, whatever you do. if you do, you're screwed and can't get a 20% discount on the principle after 90 days of nonpayment.

 

[Ambulance Chaser]

I say yes if you can put at least 10% down and avoid an exotic loan, i.e., interest-free ARM.

 

[raclotz]

yes absolutely. if you are ready and have enough money for the emi's.. hope you buy one and all the best...

 

[jgold47]

where do you live?

 

[mustangeric]

well if you need any help or free advice im a mortgage broker in texas

 

[chas]

I think it is a great idea considering there is a very good chance it will be worth 15% - 30% less in a year (depending on where you live).

 

[shoreman1782]

I just realized I basically asked this before. Maybe my uncertainty is telling me something...

I live in the DC area.

 

[makushin]

I'd only buy a house if you want to live in it for the next 15 years. The days of flipping houses are over. Unfortunately for me, I bought in August.