Updated Consumer Article July 16th, 2008
Today's is only an update of a previously written article - but it's an update of one of the most important articles I've ever done, The High Cost of Waiting To Buy A Home. This article looks strictly at the costs you incur by waiting to buy, even if you have a dedicated program of saving for a down payment in the meantime. Delay isn't pretty. In the average case, waiting a single year to buy a $300,000 property costs you over $20,000 in terms of financial results. Considering the current state of the market, that's a very low estimate.
(I am finally scheduled to have that tooth pulled today. I hope to be more or less recovered by the end of the weekend, and back to doing the features I've missed such as Hot Bargain Properties and Real Loans for Real People.)
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