puchase or not?
assume you just have 50,000 dollars in your hand. you are thinking about buying a house. there is a 100,000 one for sale. it is really a nice house and you know you love it so much. will you buy it?
there are more and more company offer "low-interest" loan for car, house, ETC. If you are in the above situation, what will you do? you may put the 50,000 into bank, and wait. you may get 100,000 some years later; you may put these money into stock market, you can win but you abosolutely can loss; Or you may apply a "low interest rate" loan for the house. you can get the house immediately. but if someday, you lose your job. you don't have more money to pay for the monthly bill. What can you do at that time?
think about it.
1 comment:
I plan on avoiding debt as long as possible, especially a deep debt. I would wait, and buy a house I could put into my budget, even years down the road. Or invest the money, and double your dollars faster.
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