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looking to buy a house...
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<blockquote data-quote="feederdriver06" data-source="post: 478518" data-attributes="member: 19057"><p>The problem with buying now is that the housing market will probably continue to sink for the next 1 to 3 years. What you buy today may and probably will be worth a whole lot less three years from now making you upside down in your mortgage. If you will be in that house for 20 to 30 years then that might not matter a whole lot but if you are forced to sell alot sooner you will be looking at a pretty hefty loss. Friends of mine bought 2 to 3 years ago now they are upside down in their mortgages by 30 to 40 thousand dollars.</p></blockquote><p></p>
[QUOTE="feederdriver06, post: 478518, member: 19057"] The problem with buying now is that the housing market will probably continue to sink for the next 1 to 3 years. What you buy today may and probably will be worth a whole lot less three years from now making you upside down in your mortgage. If you will be in that house for 20 to 30 years then that might not matter a whole lot but if you are forced to sell alot sooner you will be looking at a pretty hefty loss. Friends of mine bought 2 to 3 years ago now they are upside down in their mortgages by 30 to 40 thousand dollars. [/QUOTE]
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