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If You Simply Can’t Afford It, Nothing Else Matters
Earlier this week, I mentioned in passing that home listings in the US posted their largest decline
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I am trying to convince my oldest child that home ownership at this point (recently married, no kids) is a goal they should postpone, not just because of the initial cost but also because of the ongoing annual real estate taxes, insurance and maintenance costs.
I’m not having much luck with convincing them. They are Zillow addicts, but have yet to find something that they can afford that they would be excited to own.
H-Man, I believe relief is on the horizon — there will be falling interest rates and old goats like me will take a significant haircut to unload the homestead.