tag:blogger.com,1999:blog-5409437835427293169.post7209336201989372284..comments2023-11-01T23:47:40.024-07:00Comments on South County Girl: A journey to the bank… Interest to the Roth… and the temptation to purchase property…South County Girlhttp://www.blogger.com/profile/07347142273473958671noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5409437835427293169.post-33736404187376747542009-02-17T19:01:00.000-08:002009-02-17T19:01:00.000-08:00I'm starting to say Yes to real estate because...I'm starting to say Yes to real estate because with an FHA loan, you only need 3.5% downpayment. When the mortgage is only $200 more than my rent (and i have cheap rent) it's hard to keep saying that i'll wait until i have 20% saved up. I live in a LCOL area, home prices are pretty good, i already set my "walk away price" in that if i can't get the house for that price, it's not for me. considering i have the 6 month EF, and can still save toward vacation, christmas, home repairs, retirement, and future car while owning, it just seems to make sense...timing is pretty good too. My lease is up May 15, and the 8k first time homebuyer credit is nice too!Janellehttp://www.blogger.com/profile/01534043728495954773noreply@blogger.comtag:blogger.com,1999:blog-5409437835427293169.post-16263394548043571282009-02-18T08:57:00.000-08:002009-02-18T08:57:00.000-08:00I was really tempted when I heard about that $8,00...I was really tempted when I heard about that $8,000 tax credit as well. And unlike the one from 2008, you don't have to pay it back!paranoidasteroidhttp://www.blogger.com/profile/12810680437939153508noreply@blogger.com