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Should I buy a house?

Piobaire

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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

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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

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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

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

raclotz

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

jgold47

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where do you live?
 

chas

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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).
 

makushin

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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.
 

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