Owning A Home, Owing Money

Rising interest rates make houses less affordable, and thus depress their prices. Homeowners who find themselves overextended may be heading for trouble.

There are some dangers that come into play when buying a house right now. Many people tell me that there is no housing bubble. They say that since housing values have always gone up, they will always go up. I just can’t buy into that theory. Also, it’s not correct to say that housing values have always gone up. On a national level they have, but when you own a house, you don’t own it on a national level. You own it in its immediate community. There are fewer chances of variables evening out.

Don’t forget what happened to tech stocks. No one thought they were going to go down; after all, they never really had before.

Scroll down to read one comment on “Owning A Home, Owing Money.”

Did you enjoy this article? If so, please share!
Add to: Tip'd | Facebook | Delicious | Reddit | Digg

Get the RSS feed or enter your email address:

Related Entries on Consumerism Commentary

One Comment on “Owning A Home, Owing Money.” To add your own comment, scroll down.

  1. #1: Darren R. Sussman
    Thursday, July 17, 2003
    12:17 am (reply)

    Well, of course. Buying a house is an investment, and a lot of people don’t look at it that way. But unless you plan on living in a house for the rest of your life, you have to consider your house the same way you’d consider any other investment. You have to think about whether or not the value of it will increase, and what you can do to help that value increase. And sometimes, like in any other investment, you lose.

Welcome to Consumerism Commentary

Consumerism Commentary is a blog for men and women who wish to make the most of their financial lives. Read more about Consumerism Commentary.


Cash Loans
FNBO Direct

Credit Card Offers

Recent Comments

FNBO Direct

Best of Consumerism Commentary

Recent Articles

Recent Topics on C3 Forums

Popular on pfblogs.org

Subscribe via E-mail

Tip'd
Click here to start saving with ING DIRECT!

Contributors

Disclaimer

The authors of Consumerism Commentary are not professional financial advisers and no text within this website should be considered financial advice. Any individual who makes financial decisions based solely on the information contained within does so at his or her own risk. Always consult a financial professional.

About Advertising

This website contains advertisements, usually listed as “sponsors.” Some links are for products or services for which Consumerism Commentary is an "affiliate." No articles within the blog are advertisements disguised as blog entries. Consumerism Commentary is not compensated for any content, except for advertising sold. This site contains no Pay-Per-Post (or similar) articles.

Privacy Policy

Carnival of Personal Finance