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Message Subject First time home buyer - help please!!
Poster Handle amywood71605
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Keep in mind that real estate is going to bottom out hard in about a year. You will be able to pick up that same property for about $5000 if you can hold out. The only thing more risky than stocks right now is Property. But then again when the dollar implodes that 50k loan will be equal to about $5000 dollars too. So go for it!
 Quoting: Anonymous Coward 3272161


Thank you. I'm not sure if we could hold out another whole year. We're seriously outgrowing where we live, to the point that I can't stand the lack of space, haha. And, our landlord does not keep up with this place. There's so much stuff that needs to be fixed, but its little stuff, so he can get away with not doing it. It's an older trailer, and, well, to be honest. I want something nicer and something that's been taken care of. When we moved in here about 2 1/2 years ago it was ok - we made less, and it's what we could afford. But, now that i'm done school, and we both have better jobs, our credit is better, etc., I think it's time to move on. =)
 
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