Well the short answer is yes! However perhaps not for the reasons you think. You are probably thinking that with the downturn in the economy home prices will go down and you will buy into the market more cheaply. That is true! However any time is a good time to buy a home.
Why? In the long haul (and in real estate when the property is the home you live in we are always talking about the long haul) real estate values go up. You are worried however that if you buy just a little too early that you may pay a few thousand dollars more than you really had too. It is amazing that on a purchase often of 3 or 4 hundred thousand dollars people will always worry if they got the really, really best, “I squeezed that vendor for everything he would give”, best price. Does it matter? Let’s think about that. Usually, every thousand dollars that you spent on the purchase of your home cost you $6 per month. So if you purchased a home at $300,000 your monthly payment might be in the $1800 per month range. Now suppose you had squeezed that vendor for another $2000 off ie $298,000 you would be paying $1788. You might have risked getting the home for $12 per month. How’s that for macho – and believe me, women squeeze just as hard as men.
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