Originally posted by: JACKDRUID
Originally posted by: Cuda1447
Originally posted by: JACKDRUID
Originally posted by: Cuda1447
I have to agree with you Jstorm. I'm graduating college in the next month. I've looked a little bit for jobs, but I'm not optimistic. Luckily I actually have a pretty good job (albeit in retail) making a bit over $40k a year working part time. My fiancee makes another $30k. So we make decent money and keep our expenses as low as possible. We have been looking at buying a house in the next few months (something we really want to do, as we really don't have enough space). My fiancee isn't big into news/politics/etc. so she doesn't really grasp what is going on. I don't want to scare her or anything, but shit. I'm a bit nervous myself. I'm not one of those doom/gloom type of guys, but its bad news upon bad news. There hasn't even been a hint of recovery yet either.
Cliffs: I'm a bit nervous myself.
well, if this is your first house, and you have the credit/down payment to pay for it, then now is probably the best time to buy due to low FIXED interst rate, lowest prices, housing credit etc. as the money you pay for the rent would probably equal to your mortgage payment.
Less, actually. For Principal and interest at least, taxes and what not will cost us a bit more. The deciding factor for us though, is the fact that we will get an 8k handout. (I don't necessarily agree with it, but I'd be a dumbass if I didn't take it). That right there is a pretty good financial reason for us to buy one.
exactly right. housing is a necessity, you'll need to pay for it anyway. So If you actually qualify (700-800 credit score??!!) , buying is the best thing you can do now...
couple things.. you should get
1. get a fixed rate, file it in your tax
2. try for foreclosured houses.. lower price
3. payment should be close to equal to your current monthly rent... think of Necessity rather than luxury..