Two articles on the housing crisis that make us pause. They both have pretty convincing arguments. What do you think?
How Bad Will the Mortgage Crisis Get?
Ignore The Headlines
Patience
9 years ago
Thursday, February 21, 2008
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1 comment:
I didn't read the articles, but here are mybasic thoughts:
The investment of a house is a good thing.
The people who get in troubleUSUALLY do so because they extended themselves too far. Buy well within your means (instead of pushing to the highest you can possible afford at the moment--because if you have to push, then you can't really afford it!)
So long as you buy within your means, and get a fixed rate mortgage (so that the payment will be predictable--you can always pay extra if you have it available) then it's all good!
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