Quote:
Originally Posted by Bretsky
Quote:
Originally Posted by Partial
RG, Bretsky, Patler, any thoughts? I'm sure RG will say to get out of debt first, but I have already paid down 3k, so I'm at 11k debt. That 8k will knock off a nice chunk of the remaining debt. Almost too good to be true?
I'd warn you that RG and I will not agree on this one
Tons of value out there in the housing market
I'd consider buying a home if the right property came through
I know a dam good home loan officer :wink:
B,
I really bristle at the bolded comment. There is a ton of "value" out there in the housing market
IF we've bottomed out. I know of lot of really, REALLY smart people that are not so certain about that. That doesn't mean I'd suggest staying out of the market. It means I'd suggest being prepared for the market to swing in either direction.
There are speculators who will make a killing by calling the bottom. There are other speculators who will get killed trying to call the bottom. Most of us financial mortals won't be able to differentiate between the winners and losers until 24 months after the fact.
In general, RG (and it looks like Patler too) gives advice that will work in either an up or a down market. I get the impression that you're a bit more of a gambler (higher risk/higher reward). There's nothing wrong with that, but people that you're giving advice to need to understand that.