Here's an idea.. just a brainfart... probably makes no sense to many but..
Why not just buy a house because you want to live in it and raise your family, etc and because it's the one you can afford in the long term.
My oh my that would save so many people losing their asses.
I NEVER understood why anyone would need a house that costs up to 50% of their income. So many do now.
Keep in mind, my geographical location has low cost of living and low wages but there are 1000's of great sub-100k homes up for grabs that are more than adequate for new families to buy, live comfortably and add onto over the years as their family grows, moves out and brings the grand-kids back for family soirees.
Nowadays though, they're all still sitting on the market while brand new constructions worth over 250k keep going up on the market and being sold quickly.. ten resold.. and resold.. and resold again and again as everyone looses their asses on them. Everyone wants instant-awesome. Nobody is willing to be responsible and do things the smart way.
This is why the home market and economy all across North America is a complete fucking mess. Everyone wants to buy what they cant afford and ends up needing to make up for it by buying in the walmartz. Hence economy going overseas and the economies here dying.
There is nothing wrong with buying a house, yesterday, today or tomorrow. SO saying it's not a good idea to buy a house is just horseshit. Be responsible.. if she buys what she only needs and can grow upon it in years to come.. then what's the big deal? Or is she a princess and wants instant-perfect-awesome right away?
Just last year we almost bought a house with land for 10k. It wasn't much to look at.. trust me.. but after 15 years of upgrades buying this and that over time.. it would have been 100x better of a house than what we could have bought with all the money invested into upgrades up front instead.
|