Should You Buy a Home Right Now?
Posted by: in Home Mortgage Online, tags: Chad Jones, Contentment, Conventional Wisdom, Excerpt, Financial Position, Fulfillment, Homebuyers, Invest, Money, Owning A Home, Photo, RandomRandom Feed wrote an interesting post today on
Here’s a quick excerpt
(Photo by Chad Jones ) Conventional wisdom says that buying is preferable to renting. Instead of throwing money away on a home, you can invest in your future and have the sense of fulfillment that comes from owning a home. Turns out, conventional wisdom is wrong. Today, many long-term renters are in a much stronger financial position than many recent homebuyers, and the last thing these homeowners are feeling is contentment. But the combination of firesale prices on homes, the drop in mortgag
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