If you think your job is too risky to permit you to make future mortgage payments; that the mortgage amounts may even increase over the next five or ten years, amidst a doubtful earnings picture, then avoid the commitment.
Real
estate ownership, rather than rentals is always risky if you plan to
move every few years. Moreover, mortgages are chancy if you cannot put down
at least a 25% cash payment and your ability to make periodic payments
is clouded. Yes, this was a tough lesson to teach, until 2008. The facts remain today. (See the Earl J. Weinreb NewsHole® comments and @BusinesNewshole at Twitter.)
No comments:
Post a Comment