Question of the day: Do you feel confident about your job?
Lack of confidence that price drops are done is an oft-cited reason for people holding off on buying a home. But the other big one is income -- would-be buyers who aren't earning enough, aren't earning anything (unemployment remains high) or are earning plenty to afford a place but are anxious about the possibility of their job going poof.
Do you feel relatively confident about your job? Is it a positive or a negative in the should-I-buy equation?
While I try to recover from whatever icky virus I have, talk amongst yourselves.
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Comments
There is a show on HGTV I LOVE called "My Money Your House" in which family members help their broke kids buy houses. This is what I plan. I have no desire to own another house but I'm willing to tap into my emergency fund to help my daughter. I don't to be the monster parents I see on the show either (hahaha) but the one mistake I made buying in B more I don't plan for her to make is buying in a neighborhood that doesn't appreciate and HORRIBLE neighbors!!! Well she doesn't want to live or buy (sorry Mayor) in B more so that problem is solved!
Posted by: Deb | December 8, 2011 9:06 AM
Where are these parents that want to help their child buy a house? Can I borrow you for a down payment? I'll make you cupcakes in return.
(I love my parents, but we already had the big financial assistance conversation.)
Posted by: Sam | December 8, 2011 9:51 AM
@Sam-Watch the show it's VERY good!! I think these parents understand the economy and kids who have saved 20K but need a little more they don't mind helping. Plus most parents are in stable/established jobs to assist their kids. Lord I can see Suze Orman wagging that finger now... hahaha
Posted by: Deb | December 8, 2011 12:06 PM