Wed 29 Aug 2007
Time For Me To Learn What You Guys Think
Posted by Matt WolfeFile under Home Ownership , Miscellaneous
I updated some little things about the site. Hopefully people will like them. I added a “Top Commentators” box over to the right of this page. The idea behind this is that if you comment a lot, your name (and your blog link) will stay in that list. I want to encourage interaction here and get some discussion going. Our goal with the creation of this site was to post our thoughts on things and get feedback, criticisms and ideas on what we have to say. We want to learn from this site as well as teach. Another thing that I did was I added a “Subscribe to Comments” box in the comments section. This way people can comment and watch the discussion from that point on. Once again, this is an effort to encourage more discussion.
| Lets get some interaction going right now. Here is my question: For the past year and a half or so I’ve been looking in to purchasing a home. I will be a first time home buyer and I have been doing an immense amount of research. Lately I’ve been reading a lot of arguments discussing the pros and cons of renting vs home ownership. This has really got me thinking about what the best option for me is. |
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The real estate market is down right now but is it down enough to justify the increased price of a mortgage, maintenance, taxes, etc.? What do you guys think? I want to hear your thoughts on homeownership vs renting.
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August 30th, 2007 at 3:53 pm
I probably haven’t done the research you’ve done on home purchasing, but I have read that there are some huge problems with home loans. There are many people in America defaulting on their loans and losing their homes. It sounds like some heavy researching in home loans sounds like the make-or-break situation here.
August 30th, 2007 at 9:07 pm
I think what you’re talking about is all the people that have the adjustable rate loans. These people got in to their homes with low interest rates and when the interest rates started rising, so did their mortgages. In my opinion, adjustable rates are bad news, especially if you plan on being in that house for a while.
August 30th, 2007 at 9:10 pm
I’m not completely opposed to renting. I just think home ownership is just so much better of a deal. Aren’t you basically throwing your money away every month? At least with a home you are building equity. Not to mention you get a place that is your very own and you can modify and do what you please with.