Can You Afford To Buy A House Right Now?
You’re tired of “throwing money away” on rent. You want to buy your own home. But you’re not sure if now is the right time.
You hesitate about “now” for two reasons: time and money. In term of time, you’re not sure if you’re committed enough to staying in one place. How long will you really live in this home? And on an economic level, you’re not sure if you can afford all of the expenses that come with having a mortgage.
Before you do something impulsive, let’s assess whether you should buy a house right now –- or whether you should wait.
In most parts of the U.S., home prices are currently higher than they’ve been in the past five years. Does this mean that you should lock-in the current prices before they rise even higher? Or does it mean that we might be heading for another downturn? Read more here…