Sandi Bowman
May 17, 2008, 01:11 AM
Well, this could be a very opinionated reply but, having been on both sides of the equation at various times, I would prefer to have either a house in the country or an apartment with double walled construction...and permission to fix it up and paint/decorate as I choose. Ha, ha! Oh, well, dreaming is fun.
Anyone who tells you buying is always your best bet, needs to look around and see the wreckage currently. Sure, housing CAN keep pace with inflation and so on but it's not a sure thing, as we are seeing. If the price is right, the terms reasonable (and will stay affordable), the neighborhood is upper level, and you aren't prone to picking fights with your neighbors, go for it. Theoretically, you can always rent it out if things aren't to your liking eventually. Realistically, better not talk it up around or you'll get no takers.
Wait until the market is near or bottoming out if you're planning to buy so you can judge the trend in the area. Otherwise, look for desperate sellers and make the best deal you can for everyone.
Renting is a lot less work and expense over all but sometimes you pay for the convenience with numerous compromises you may not wish to make...like noisey neighbors or ones who cook Lute Fisk and other nasties like corned beef and cabbage every other week. Choose whatever is easiest for you to tolerate and live with...and good luck!
Sandi Bowman
Anyone who tells you buying is always your best bet, needs to look around and see the wreckage currently. Sure, housing CAN keep pace with inflation and so on but it's not a sure thing, as we are seeing. If the price is right, the terms reasonable (and will stay affordable), the neighborhood is upper level, and you aren't prone to picking fights with your neighbors, go for it. Theoretically, you can always rent it out if things aren't to your liking eventually. Realistically, better not talk it up around or you'll get no takers.
Wait until the market is near or bottoming out if you're planning to buy so you can judge the trend in the area. Otherwise, look for desperate sellers and make the best deal you can for everyone.
Renting is a lot less work and expense over all but sometimes you pay for the convenience with numerous compromises you may not wish to make...like noisey neighbors or ones who cook Lute Fisk and other nasties like corned beef and cabbage every other week. Choose whatever is easiest for you to tolerate and live with...and good luck!
Sandi Bowman
