2007-01-13 07:41:25 · 12 answers · asked by stan 2 in Family & Relationships ➔ Family
With interest rates this low, I would by now and try to borrow enough to consolidate any high interest credit card or other loans you have. Also, so the struggle is not so great, if you have a loan on a newer model car, consider giving it up and getting an older car so you don't have both payments for a couple of years. It will also reduce you insurance cost. Also, a 15-20 hr part time job can make the difference for a couple of years. It's worth the sacrifice to provide a good home first over the other stuff like cars, big screen TV, ect. Hope this helps.
2007-01-13 07:59:12 · answer #1 · answered by Lonnie F 2 · 1⤊ 0⤋
Save
2007-01-13 15:50:04 · answer #2 · answered by robedzombiesoul 4 · 0⤊ 1⤋
That depends on how much you would have to struggle to make ends meet. With the rising interest rates and the availability of houses on the market I would recommend you buy now before things get any more expensive. Make sure you get a fixed rate if you do opt to buy a house.
If you are able to do it now then I say do it and cut out the extras in your budget. Otherwise you might find down the road that houses are too expensive and you'd have to struggle to make ends meet anyway...
2007-01-13 15:46:42 · answer #3 · answered by Cute But Evil 5 · 1⤊ 0⤋
Buy now!!! My parents have been in the real estate market for 35 years. They have made millions from just buying and selling houses. My Mom told my cousin to buy a house, no matter what. Renting is just throwing away your money, at least if you buy you will work towards something. my cousin was resistant because money would be tight if she had a house. but she bought on and 2 years later she sold it for 2x the amount she bought it. you may struggle for a little while but buying is the best option. especially since the real estate market is low right now. i would try to buy before spring....that is when everyone is out looking. good luck!
2007-01-13 15:47:09 · answer #4 · answered by Anonymous · 0⤊ 1⤋
The sensible answer is to save - but personally i would buy now - house prices could continue to go up and you may find that other things will need to be bought and it may take longer to save
2007-01-13 15:47:50 · answer #5 · answered by Anonymous · 1⤊ 0⤋
Just do it. I say buy it now. If it's something that you want really badly, you should just do it. You never know what might happen in the next 2 years. At least you have your family's support.
2007-01-13 15:53:04 · answer #6 · answered by kisses 2 · 1⤊ 0⤋
i would buy now as house prices are on the up and up, once they all move out you can sell it for a good price and buy something a bit smaller and probably still have money left, good luck and i hope it all works out, p.s thats what i did and now all the kids have their own homes we keep saying we will sell and get a smaller place but now we need it for the grandkids coming to stay, oh joy ha ha ha
2007-01-13 15:49:41 · answer #7 · answered by MAD FEMALE 4 · 1⤊ 0⤋
I hate 2 state the gossip going around,
but the interest rates r set 4 another hike b4 the Summer.
so if u can b cautious & know ur limits.
u do what's best 4 u both.
links below should u ever need 'em
:)
2007-01-13 15:49:40 · answer #8 · answered by Anonymous · 1⤊ 0⤋
buy now, home prices go up each year more than you can save to offset the diff.
2007-01-13 15:47:28 · answer #9 · answered by wade w 1 · 1⤊ 0⤋
if you are financially able...buy a home. save on rent
2007-01-13 16:30:30 · answer #10 · answered by -------- 7 · 0⤊ 0⤋