Since I couldn't have said it better myself, please read the following Wall Street Journal article about why it is a good idea to own a home HERE.
My only caveats would be that:
1. Owning is a long term proposition. If you don't plan on staying in your home for at least 5 years (better 7-10), then you shouldn't buy unless the property has good income producing potential (e.g. a house in a neighborhood that could rent well, or a duplex or triplex).
2. North Florida has not suffered from overbuilding as much as Central and South Florida have. The Tallahassee area of the Panhandle, thankfully, has been largely insulated from the downturn because of our stable job market and a general conservatism about growth and expansion.
No comments:
Post a Comment