GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Wednesday, August 23, 2017

You CAN'T Afford to Buy a Home! Guess Where Real Estate Will Cost the Most

With mortgages most people have fixed rates so not a big deal if interest rates rise. What is a big deal though; especially for young borrowers who don't understand construction and home repair; is when repairs happen. Many buy a home with little left for emergencies so when the roof leaks or a pipe burst or the washing machine breaks down, the money problems can start. And the cost of lumber and building materials and labor for most trades is up a lot the past 10 years. Also many young homeowners are surprised when 8 year old appliances begin breaking down. We're told inflation is low, but never figured in to inflation is that appliances that used to last 25+ years, now last 8 to 10 years

No comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...