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FIND YOUR DREAM HOME OR APARTMENT
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Be very wary if you are thinking about buying a house. Remember what just happened to millions of people across the country who well fooled into paying hundreds of thousands of dollars for a house not worth 1/3 of what it sold for.
The media is the party who is touting this latest nonsense because that is all it is. When and if unemployment is less then- 3% and the jobs pay enough to support that lifestyle( really not a style, more like survival), it probably means the recession/depression is over. And you all know we are nowhere near that today.
The fact is the people who have good jobs already have houses and very few of them are going to risk losing that by venturing off into making some overpriced real estate salesman's dreams come true by risking what they have now.
This 3% interest rate offered now is about as good as the loans of the housing scam past , remember the "interest only payment, the padded finance papers , etc. and the beauty of the scummiest of the scams--the home equity loan. Equity on non-equity, wow ,how many lost their houses when they did that?"
While the Media, even the administration, especially the real estate people will tout this with a fury not seen since 2005, remember 2008-09 because this is just another phony baloney scam in the making , Your best proof is seen when the stock market moves like it did in 2008 to 14,000 and beyond for no explicable reason .
So, if markets hit 14,00 and up.
duck your heads and cover your assets.
LOL -- why wait a YEAR to get a house. That is just insane.
I just got a new job in Oklahoma City. You don't need to read this article -- just do it all yourself. Your bank will tell you the documentation they need -- it's easy.
My best advice is to NOT GET A REALTOR. Realtors are just a step above used car salesmen, in terms of honesty, work ethic, and "value added". Realtors pretty much just hang back and collect their 6% commission, and they are more interested in selling your home as little as possible for a fast commission (rather than getting a high value for your home and receiving more money on that same 6% commission). Once a realtor helps you sell (or buy), you won't hear from them again until closing -- all they care about is the MONEY you are giving them.
Me? I'm meeting the surveyor at my new property this afternoon. I bought a 5-bedroom house on 4-acres of land. Closing is next month. :)
...and I'm totally serious about that realtor comment -- realtors aren't needed!
Why can't these slideshows be printed as an article - so annoying!