Tuesday, January 18, 2011

What Do You Think?

It's a short article, but certainly relevant.  Most people think it's a good time to buy a home - the interest rates are low and the stock market is up. Take a look at the article here:


The article makes a great point about defining a home as an investment or as a place to live. While it's true that a house may represent the largest part of wealth that we accumulate in our lifetimes, it's not a strict investment. At the same time, it's pretty clear that we are not through with toxic mortgages and turmoil attached to them in the financial markets. So, it's probably not the best time to be shopping for a real estate investment, unless you are able to keep the property carrying itself, cash flow positive, and can hold it for a long period of time. But if you want to own your own home, save on taxes, and lock in your housing costs for the long term - as well as have a place to call your own - it's a good time to shop.  Happy hunting!

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