GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Who wants to lend me $240k @5% interest... or buy my house :)

Sly · 06-03-2010, 11:42 AM

I agree with Will. Some places are still dropping in prices, but even if yours is not, there really is no reason to rush into buying a house. Buying a house is a big time commitment. If you aren't financially ready, wait another year or two until you are ready, then you will have so much less hassle to deal with.

Set a financial goal of 20%. So with a $240,000 price point, you need to save about $50,000. Let's say your goal is to do that in three years... save about $1500 a month until you have your 20%. Meanwhile, work on clearing up any other debts you may have, get your credit in good shape, etc. etc.

Don't know what your debt is like... but when you have a new house, you are going to have enough financial things to worry about. Get your car payments, credit card payments, etc. out of the way so you have less to worry about and can focus all of your attention on your house.

06-03-2010, 11:42 AM
Sly Let's do some business! Industry Role: Join Date: Sep 2004 Location: Austin, TX Posts: 31,365	I agree with Will. Some places are still dropping in prices, but even if yours is not, there really is no reason to rush into buying a house. Buying a house is a big time commitment. If you aren't financially ready, wait another year or two until you are ready, then you will have so much less hassle to deal with. Set a financial goal of 20%. So with a $240,000 price point, you need to save about $50,000. Let's say your goal is to do that in three years... save about $1500 a month until you have your 20%. Meanwhile, work on clearing up any other debts you may have, get your credit in good shape, etc. etc. Don't know what your debt is like... but when you have a new house, you are going to have enough financial things to worry about. Get your car payments, credit card payments, etc. out of the way so you have less to worry about and can focus all of your attention on your house. __________________ Vacares - Web Hosting, Domains, O365, Security & More - Paxum and BTC Accepted Windows VPS now available Great for TSS, Nifty Stats, remote work, virtual assistants, etc. Click here for more details.