Maybe someone can fill me in. I keep hearing the economy is bad so do not buy a home right now. However I am not understanding this logic. And there may be very good reasons.............that I do not realize, so I am wondering if you can help me out.
Unless your job is at risk, I just do not get the mind set of not buying now.
Interest rates are still very good, the inventory of homes are great and the BARGAINS are awesome. Is there an impression that when the economy get better, that these issues will get even better? I think when the economy gets better...............the opportunity to buy low and with a great interest rate will not be so good. And that the special home buying programs will go away. (as we have seen many go away thus far, and the ones left will too, mark my words)
Home sales help improve the economy. So if you have a stable job, and are renting a place and can get approved for a home loan, why are you not doing so?
I am not writing this to convince you to buy, I really do want to understand the mind set and what buyers are thinking.
So, 1st time home buyers, please explain..............I want to hear your opinion!
*******UPDATE*******
An article from Real Clear Politics
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