Consumerism Commentary - Latest Comments in Three Worst House Buying Excuses

Re: Three Worst House Buying Excuses

klauss — Tue, 08 Nov 2005 18:48:34 -0000

I recently bought in Portland. Housing is sky high and I would not count on the appreciation to buy me a yacht, but it forces me to put money towards an asset. I would not have the discipline to spend the extra savings from rent in stocks etc., although I am a big fan. I do think a sensible mortgage is crucial though (fixed 15 to 30 year).

Re: Three Worst House Buying Excuses

Mike — Mon, 07 Nov 2005 16:41:50 -0000

Great points. I have always been amazed to here people talk about how great a house is for an investment. When I would ask what the benefit is they always preach about the equity in their home or the tax benefit. I agree that equity is nice, but when you work the numbers over a long period of time the home appreciation is not necessarily the best investment vehicle. I think my dabbling in home ownership will be because I have a family and need the house.

Re: Three Worst House Buying Excuses

Robert — Mon, 07 Nov 2005 16:16:06 -0000

I agree with you. Besides, I am getting a really good deal on rent ($605/month) and am able to bank a significant amount of money each month. Mere condos are going for 175-200K here in Portland, OR, so I will wait until the current madness passes.....