[mredskins]

Originally Posted by firstdown

Mredskins thinking is totally different then mine. With all the people loosing homes and loosing jobs the demand for rentals is way up and also increasing the cost to rent. Housing prices are at a low and will probably not dip much if any lower so buying now is a great time. I wish I was not getting ready to build or I would go out and buy several homes as investments.

But you are assuming that the housing market will ever get back to what it used to be. Very few homes are appreciating these days. If you are buying the homes as rental income, yes that makes sense but it sounds like this guy is looking for a place to live and most likely be looking at a starter home. He may find several years down the road when he may need a bigger home that house maybe very well be worth less then he paid for it.

Buying homes today is almost like buying a car, it is no longer a investment.