Comments on: Be Human and Buy a Home http://moneyning.com/housing/be-human-and-buy-a-home/ A personal finance blog where we share insights on carefully saving money, investing, frugal living, coupons, promo codes because the little things matter in achieving financial freedom! Wed, 23 May 2012 16:31:28 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Roxie http://moneyning.com/housing/be-human-and-buy-a-home/comment-page-1/#comment-78479 Roxie Wed, 18 Apr 2012 18:21:42 +0000 http://moneyning.com/?p=832#comment-78479 Amen. I would buy a small simple house if it were in a neighborhood with other frugal professionals. Unfortunately, "affordable housing" is almost a euphemism for "bad neighborhood." Amen. I would buy a small simple house if it were in a neighborhood with other frugal professionals. Unfortunately, “affordable housing” is almost a euphemism for “bad neighborhood.”

]]> By: Slackerjo http://moneyning.com/housing/be-human-and-buy-a-home/comment-page-1/#comment-76576 Slackerjo Sun, 25 Mar 2012 14:08:27 +0000 http://moneyning.com/?p=832#comment-76576 I have a job I hate. With the job I hate, I qualify for a mortgage of $150K. A grand total of TWO condos are listed in my area for $149K. One has condo fees of $400+ a month, the other is in Cracktown. This is why I rent. I have a job I hate.
With the job I hate, I qualify for a mortgage of $150K.
A grand total of TWO condos are listed in my area for $149K. One has condo fees of $400+ a month, the other is in Cracktown.
This is why I rent.

]]> By: Marbella http://moneyning.com/housing/be-human-and-buy-a-home/comment-page-1/#comment-75510 Marbella Wed, 14 Mar 2012 10:39:25 +0000 http://moneyning.com/?p=832#comment-75510 If you know you going to live in an area that you enjoy for a long time, 20 -30 years, it is a good investment to buy a house. You create a home that you like and everything that comes with it social, educational, sports, etc. But as short-term investment over 3 - 5 yearsI would advise against and instead rent a home. If you know you going to live in an area that you enjoy for a long time, 20 -30 years, it is a good investment to buy a house. You create a home that you like and everything that comes with it social, educational, sports, etc. But as short-term investment over 3 – 5 yearsI would advise against and instead rent a home.

]]> By: FrugalRican http://moneyning.com/housing/be-human-and-buy-a-home/comment-page-1/#comment-75471 FrugalRican Wed, 14 Mar 2012 00:55:06 +0000 http://moneyning.com/?p=832#comment-75471 Also, buying a home forces everyone to do one thing they might be scared to do: Look at their credit. It's essential to do so. You have no idea how many people I've met that had no idea what their credit reports looked like, but already knew of at least 3 to 4 houses that they had in mind. Also, buying a home forces everyone to do one thing they might be scared to do: Look at their credit.

It’s essential to do so. You have no idea how many people I’ve met that had no idea what their credit reports looked like, but already knew of at least 3 to 4 houses that they had in mind.

]]> By: UH2L http://moneyning.com/housing/be-human-and-buy-a-home/comment-page-1/#comment-75343 UH2L Mon, 12 Mar 2012 15:53:29 +0000 http://moneyning.com/?p=832#comment-75343 Buying a home is a huge liability given today's job market. Unless you won't leave your city or you're sure you can rent it out if you have to move for a job, I wouldn't buy a home. I moved for a job 4 years ago and I was lucky enough to be able to rent it out but now I don't want to buy another house because two mortgages constitute a lot of debt. I essentially have to rent where I choose to live unless I move back to the city where my house is. Buying a home is a huge liability given today’s job market. Unless you won’t leave your city or you’re sure you can rent it out if you have to move for a job, I wouldn’t buy a home. I moved for a job 4 years ago and I was lucky enough to be able to rent it out but now I don’t want to buy another house because two mortgages constitute a lot of debt. I essentially have to rent where I choose to live unless I move back to the city where my house is.

]]> By: FionaP http://moneyning.com/housing/be-human-and-buy-a-home/comment-page-1/#comment-75293 FionaP Mon, 12 Mar 2012 02:12:12 +0000 http://moneyning.com/?p=832#comment-75293 Buying a home is like force saving. A friend of mine sold her condo and within a few years depleted all her cash with nothing to show. Buying a home is like force saving. A friend of mine sold her condo and within a few years depleted all her cash with nothing to show.

]]> By: Jerry http://moneyning.com/housing/be-human-and-buy-a-home/comment-page-1/#comment-75276 Jerry Sun, 11 Mar 2012 22:15:58 +0000 http://moneyning.com/?p=832#comment-75276 Sure, you have to worry about insurance and property taxes but it's worth it, in my book. It leads to more security, in my opinion. Sure, you have to worry about insurance and property taxes but it’s worth it, in my book. It leads to more security, in my opinion.

]]> By: AprilC http://moneyning.com/housing/be-human-and-buy-a-home/comment-page-1/#comment-71320 AprilC Fri, 27 Jan 2012 19:16:49 +0000 http://moneyning.com/?p=832#comment-71320 In some areas its practically impossible to buy a home due to the prices of the house and the cost of living. If instance if you live in Los Angeles county and make less than 6 figures - your most likely not going to be able to afford to buy a home. There are some low-income housing but those usually go to people via lottery and only to minorities. Non-minorities who are middle-class are pretty much being left out of the housing market. In some areas its practically impossible to buy a home due to the prices of the house and the cost of living. If instance if you live in Los Angeles county and make less than 6 figures – your most likely not going to be able to afford to buy a home. There are some low-income housing but those usually go to people via lottery and only to minorities. Non-minorities who are middle-class are pretty much being left out of the housing market.

]]> By: joy paterson http://moneyning.com/housing/be-human-and-buy-a-home/comment-page-1/#comment-28784 joy paterson Tue, 27 Jul 2010 19:50:53 +0000 http://moneyning.com/?p=832#comment-28784 I think if you are able to own a home, do it as long as you dont over extend yourself. As a Toronto Realtor Ive seen many clients make a nice profit from buying and selling real estate - Toronto condos espeically. Real estate is like the stock market - prices go up and down but in the end its just a cycle and prices come back around eventually. I think if you are able to own a home, do it as long as you dont over extend yourself. As a Toronto Realtor Ive seen many clients make a nice profit from buying and selling real estate – Toronto condos espeically. Real estate is like the stock market – prices go up and down but in the end its just a cycle and prices come back around eventually.

]]> By: lost home http://moneyning.com/housing/be-human-and-buy-a-home/comment-page-1/#comment-28422 lost home Tue, 20 Jul 2010 01:45:24 +0000 http://moneyning.com/?p=832#comment-28422 i have to agree with alot of people . I think it all depends on your circumstances . We bought our house in97 and just spent to much . we had to buy cars and stuff. but we also lost our jobs. WE didn't forclose but did a short sale. But on the other hand i think that owning a house is a scam because no matter what loss of job divorce etc you never really own a home unless you do pay it off. It was not totally our fault. You never own your house unless you pay it off. And with this economy the way it is , I will never trust anything our gov't or business tells me anymore in America. This country is nothing more than a scam. I am not going to kill myself working just to pay off a house, I don't have kids and I didn't have my parents help me buy one either, So when I am dead and gone I am not leaving anybody anything. i have to agree with alot of people . I think it all depends on your circumstances . We bought our house in97 and just spent to much . we had to buy cars and stuff. but we also lost our jobs. WE didn’t forclose but did a short sale. But on the other hand i think that owning a house is a scam because no matter what loss of job divorce etc you never really own a home unless you do pay it off. It was not totally our fault. You never own your house unless you pay it off. And with this economy the way it is , I will never trust anything our gov’t or business tells me anymore in America. This country is nothing more than a scam. I am not going to kill myself working just to pay off a house, I don’t have kids and I didn’t have my parents help me buy one either, So when I am dead and gone I am not leaving anybody anything.

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