http://www.consumerismcommentary.com/2005/11/07/three-worst-house-buying-excuses/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sun, 08 Nov 2009 07:50:42 -0500 http://wordpress.org/?v=2.8.5 hourly 1 http://www.consumerismcommentary.com/2005/11/07/three-worst-house-buying-excuses/#comment-1127 klauss Tue, 08 Nov 2005 23:48:34 +0000 http://wp.consumerismcommentary.com/?p=607#comment-1127 I recently bought in Portland. Housing is sky high and I would not count on the appreciation to buy me a yacht, but it forces me to put money towards an asset. I would not have the discipline to spend the extra savings from rent in stocks etc., although I am a big fan. I do think a sensible mortgage is crucial though (fixed 15 to 30 year). I recently bought in Portland. Housing is sky high and I would not count on the appreciation to buy me a yacht, but it forces me to put money towards an asset. I would not have the discipline to spend the extra savings from rent in stocks etc., although I am a big fan. I do think a sensible mortgage is crucial though (fixed 15 to 30 year).

]]> http://www.consumerismcommentary.com/2005/11/07/three-worst-house-buying-excuses/#comment-1126 Mike Mon, 07 Nov 2005 21:41:50 +0000 http://wp.consumerismcommentary.com/?p=607#comment-1126 Great points. I have always been amazed to here people talk about how great a house is for an investment. When I would ask what the benefit is they always preach about the equity in their home or the tax benefit. I agree that equity is nice, but when you work the numbers over a long period of time the home appreciation is not necessarily the best investment vehicle. I think my dabbling in home ownership will be because I have a family and need the house. Great points. I have always been amazed to here people talk about how great a house is for an investment. When I would ask what the benefit is they always preach about the equity in their home or the tax benefit. I agree that equity is nice, but when you work the numbers over a long period of time the home appreciation is not necessarily the best investment vehicle. I think my dabbling in home ownership will be because I have a family and need the house.

]]> http://www.consumerismcommentary.com/2005/11/07/three-worst-house-buying-excuses/#comment-1125 Robert Mon, 07 Nov 2005 21:16:06 +0000 http://wp.consumerismcommentary.com/?p=607#comment-1125 I agree with you. Besides, I am getting a really good deal on rent ($605/month) and am able to bank a significant amount of money each month. Mere condos are going for 175-200K here in Portland, OR, so I will wait until the current madness passes..... I agree with you. Besides, I am getting a really good deal on rent ($605/month) and am able to bank a significant amount of money each month. Mere condos are going for 175-200K here in Portland, OR, so I will wait until the current madness passes…..

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