I just can’t convince myself to buy a house.

ford_racer · May 28, 2019

If you can buy at the right time in the right place, it's very worth it. Our first house had appreciated 70k in 3 years (2013-2016) and our current has appreciated probably 25-30k in almost 3 years.

Lemmiwinks · May 28, 2019

HillbillyHotRod said:
So true. From my personal experience the first house I bought for $74 back in 84. Price went up to around $90. Then in 93 got transferred out of state. At that time there was a housing slump and could not sell it for what I owed, so rented it out. Again price shot up to around $300 when the anyone can buy house loans were being given out. Then the latest housing crash happened and it went back to around $100. Just last month I exchanged it for something else for $305. If you can make the payments and plan on long term you are going to be okay. If something happens and you can no longer make payment you may not be able to sell if there is another slump. Case like the gas drilling situation, what happens when the drilling stops.

I recently bought a house, moved in 2 months ago. This is in the high peak of the bubble here in Sweden.
It will crash anytime soon. Yet I bought it anyway. Why?
Simple, because I plan on living in it for a long time. Also plans can change, I owned my last house for only 1 year.

I just can’t convince myself to buy a house.

ford_racer

King of SVTP

Lemmiwinks

Active Member

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