Quote:
Originally Posted by Susie Cougar
She didn’t ask if the time was right to buy a home expecting a return on her investment. She asked about not being able to see certain things in the winter time under the snow.
My daughter was married in 2005, just when the economy was starting to crash, and bought a rowhouse in Baltimore that summer. The house went down in value year after year, but they had payments that they could afford and ended up living there for 18 years before they moved out to the county. They sold it for $25,000 more than they paid for it but they enjoyed every minute that they lived there.
|
The point is that, if the market slows, the OP won't be in as difficult a situation—houses wouldn't be selling out from under them, giving them more time to do their due diligence.
Sent from my SM-S911U using Tapatalk