- Dec 3, 2010
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Before all of this coronavirus stuff happened, I made an offer on a house and it was accepted. Inspection came back, house is in good shape. We are currently renting and this would become my primary residence. Have the money for a 30% down payment lined up (in savings account), mortgage rates are low. We could back out now having only lost a bit (earnest $ plus home insp fee). My job seems relatively stable and so does my wife's. We anticipate living at this place for 5-10 years. Do you think it is a good idea to buy now or not? The home is a middle-income home (not a luxury home).
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