|
If I were you I would wait another year.... Repossessions are underway in most major cities and if you wait you will pick up a house way above what you were able to afford a year ago. Things are looking distincly like the early 90's (for those that can remember that far back!)
Just make sure you can make the repayments... and stay away from home equity loans. (The reason for most of the the repossessions) It is a shame that someone has to lose their home at all, but the bank really doesn't care and if you don't buy it, the government will, and use it for affordable housing. They are already in negotiations in California for several huge brand new unsold housing developments for just that purpose..
|