Quote:
Originally Posted by djmcmath
So should I buy a house now because I can still get a loan, or should I wait until after the crash, when my down payment money will be enough to buy a nice place?
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Do you need to buy now? Are you planning to stay put for a while?
Let's ignore that for a moment. The only advantage to buying now is locking in lower rates. In exchange, you're locking up free cash into an asset that will likely be harder to liquidate in the future. In addition, that asset may even depreciate from current value. You'll have to evaluate the risk vs reward. You already know how I feel about this, but I must reiterate, "Cash is King." good luck, jurgen