Quote:
Originally Posted by ichitaka05
Cheaper rates vs cheaper homes is the forever battle of the buyer. I've bought a house recently and wasn't expecting this expensive house, but monthly payment is realistic number due to lower interest rate.
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Bought my first home in 1981,,, 12 3/8 interest rate and that was special 'Bond' money. The problem is I moved for a better job in Houston within 15 months and got stuck with the home. Ended up signing it over to another couple so only really lost down payment. No problem with credit.
The good news is that lesson kept me from buying in Houston. That was a good move a the bottom fell out of the real estate market shortly there after. I had quite a few friends walk away from their homes.