- Aug 24, 2004
Any and all advice appreciated. I have always rented. In my neck of the woods a decent house can be had for 70-90k (nice starter home anyway). I live on a very average income, spend very wisely, have savings and excellent credit. My little brother is also getting ready to move in w/ me (long story, but he's in some trouble). I am thinking of buying a home, live in it for a couple years, make needed repairs and eventually rent it out. Good idea? Or NO? I am afraid of what may happen in the future here? Some predict a 'double dip' in the economy, housing market declining till 2013-2016, or possible never recovering! I am struggling w/ this decision.