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 Member 24 Level 51.86 Mar 2006 
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It is a buyer's market right now, though.
If you're considering something like this though, I would wait a little while, just to see how much worse it gets. It's a nice time to check into foreclosures as well. Banks are trying to upload their assets quickly, and I have a few friends who have seized the opportunity on that wagon. Jam it back in, in the dark. |
Member 24 Level 51.86 Mar 2006
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Banks are only generally giving loans out to, you know, the higher echelon of folks with reasonable credit. I am confident, for example, that I would not be able to obtain a mortgage loan in the current conditions of the market. But like Shin said - if you've got the money, you've got the certain means in which to make your payments, and you find a nice property in foreclosure or something similar, jump on it. As for my personal experiences with the market, I am completely debt free, I rent, and I have a decent savings account and investments. The only way I really see any change for myself because of the conditions is in the interest I accrue on my investments. But other than that, it doesn't touch me or anyone in my family. There's nowhere I can't reach.
Last edited by I poked it and it made a sad sound; Mar 25, 2008 at 02:37 PM.
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I poked it and it made a sad sound