Comments on: Will you buy another home?

By: Carisa

Carisa — Mon, 07 Sep 2009 02:21:40 +0000

I’m so tired of home ownership being pushed upon us. My husband and I were pressured into buying a house by his mom and dad a few years ago. Since our financial situation has changed dramatically, we can no longer afford our home. We pay our bills each month, then struggle to keep our head above water until the next paycheck. It’s ridiculous. We’ve decided to get rid of our house and move into a smaller apartment and save money for a few years. Seems a lot of people in America have it in their heads that Home has to come with a mortgage. Home is what you make it. And if Home means moving into an aprtment and saving over $600 a month in expenses, then so be it.

By: Lee

Lee — Mon, 10 Aug 2009 21:05:59 +0000

Gee, didn’t any of the bloggers read “Rich Dad, Poor Dad”. Owing a single family unit IS not the way to go. Please buy or go to your library or borrow it from a friend and read it before you purchase another piece of property

By: Freedom _reigns

Freedom _reigns — Mon, 10 Aug 2009 21:00:22 +0000

My Husband and I bought our home 3 years ago, and have steadily watched the value of it decline, while the property taxes rise. And honestly, renting is looking more appealing to us each day. In “our” experience, we’ve learned that “owning” a home really isn’t all it’s hyped up to be, we’ve lived the American Dream..been there, done that. Maybe years from now we’ll buy again, but right now we’re looking to rent, and have found some really nice houses that offer more, and the rent is less than what we’re now paying in mortgage.

By: The Truth

The Truth — Mon, 10 Aug 2009 13:50:44 +0000

I eventually will sell my home and buy a larger and less expensive home OTP or in another state (depending on my career plans). I agree with the some previous comments, the benefits of homeownership are primarily psychological and social, not financial or economic. Truth is without the government creating the 30-yr mortgage, providing FHA, VA, and other mortgage insurance programs; and the tax deduduction for mortgage interest, home prices would be tremendously lower and demand for homes would be lower because fewer people would be able to buy a home and those in the market would have less buying capacity. Ask yourself this: why do most corporations lease their property yet most individuals (based on the homeownership rate) own their homes? Yet, like many others, I would buy another home primarily for the psychological and social benefits, fully acknowledging that it is not the best economic decision.

By: Rob Vinson

Rob Vinson — Mon, 10 Aug 2009 13:46:00 +0000

I sell real estate and it’s a great time to buy. It is not a great time to sell, but if you have to sell, you will get beat up on the front, but when you go to buy, you will make it up, so it evens out. Money is hard to come by, but if you have good credit and a good job, banks are still making loans. FHA is good right now allowing people to put just 3.5% down to buy a home. I have been in my home for 10 years and don’t plan to buy another one anytime soon. I still think owning property is better than renting. You get the interest deduction and the appreciation, but it’s not for everyone. It’s the biggest purchase a lot of folks ever make and it is a commitment that should not be taken lightly.

By: wgarider

wgarider — Sun, 09 Aug 2009 12:17:51 +0000

We’ll never go back to renting……as soon as we are empty-nesters, we’ll sell the house we have now and find something smaller……..

By: GraceandMercy

GraceandMercy — Sun, 09 Aug 2009 11:57:18 +0000

I just need God to bless me. I want to help others, I want to purchase a new home. I want to pay my tithes and offerings. Everything else will fall in place. Thank God I have no credit card debit. I need a job.Looking everyday. Over qualified by some HR underpaid staff people, but my BLESSING is on the way.

By: bobfromAcworth

bobfromAcworth — Sun, 09 Aug 2009 08:32:04 +0000

Funny to listen to all the “I did all this right” bunch on this blog. I really don’t care what you did and how you did it in Nebraska or wherever you were brought up. The fact is that home ownership has been sponsored by the Fed (read that IRS tax code) for so long that people look for that big tax deduction. If there were no tax deduction then see how many would ever put a mortgage on a house! So some of you here can pay cash for a house, so what! You then still have to pay maintenance on everything that happens to that house. Owning a home is expensive no matter how you look at it. If you don’t see that then you are deceiving yourself. The value of your home is dependant on what people can afford to pay for it. How many of these 4000 sq. ft homes do you think will sell in the next few years as the older generation has to sell off to “downsize”? The next generation is not going to be able to afford the houses at those prices due to the socialism (High taxes) that Obama is pushing on them right now. Good luck getting your home values to come back up! It will go the way of owning an expensive Harley! The values will keep plunging as more people try to sell than there are people able to purchase.

By: Frank Simmons

Frank Simmons — Sat, 08 Aug 2009 18:16:52 +0000

Aren’t most in ATL metro area luckier than other metro’s because Atlanta will rebound better than a lot of cities because there was such a high demand before which should return? It seems it more a matter of weathering the storm and/or holding on to enjoy the narket at a later date. ATL never did bubble like LA and other over-inflated markets such as Florida, west and east coasts.

By: VW

VW — Fri, 07 Aug 2009 20:55:03 +0000

I bought my condo years ago and would have been in dire straits several times except for the fact that my mortgage is modest – and indeed, less than renting anything of similar size and quality. I would like to have a bit of a yard and more room for my avocations and would definitely consider buying a house if I found something affordable.