Monday, September 8, 2008

One day I'll get a house

I thought I would of bought a house in my 20's but I am glad I didn't. Sometimes in life you have to be practical even when it means putting your dreams on hold. In my 20s, the market was grave and the loans were graver. I am happy that soon things will turn around. I am optimistic that perhaps in a few years I will buy my first house. And I will not pay too much for it! I will not pay for more than what I can afford or for more than what the house is really worth. I remember homeowners in 2006 bragging that their house costs 300,000 when they bought it for 150,000 five years prior. And I knew that was not reality that things would have to change; like living in the Matrix. Because eventually, the number of people who could afford over inflated prices would dissipate and the Me's of the world would be waiting for our chance to be a homeowner.

Good times a comin'?
More info: Fannie, Freddie and You: What It Means to the Public

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