Quote:
Originally Posted by soulreapersteve
My parents said the exact same thing 6 years back, told me to move back in until I can buy my own place. At least have a nice cushion to fall back on. Giving myself 1 or 2 more years to continue stockpiling.
(and yes, I do help with bills + other stuff. I'm not a complete moocher!)  |
No parents would want their kids to be upside down on the mortgage. Unless you are getting married or have something to prove I really can't see why now is a good time to buy. Hopefully the housing market returns to affordability in a few years.
During these hard economic times, a friend of mine was saying how a lot of seemingly comfortable people asked why he's sticking with his 17 yr old rust bucket beater when he could just get a new car loan. Then he said well that new car is nice, and I'm sure the debt is even nicer. LMFAO!!