Should we buy house now?

http://www.fatwallet.com/forums/finance/981293/

http://www.businessweek.com/lifestyle/content/dec2009/bw2009127_753974.htm

(1) anyway, for most Savvy FWers, they would rather have a low purchase price in a HIGH interest rate environment, because we can find creative ways to finance, or just pay in cash,,,,

but for the AVERAGE person, who needs and depends on a mortgage, and will not have the cash to PIF or the savvy to get financing in alternate ways, I agree that buying one now, at the current prices and current interest rates makes sense.

(2)Whatever the media says - get ready to do the opposite.

(3) You can renegotiate the interest rate after you buy the house - refinancing.
You cannot renegotiate the purchase price after you buy the house, with the exception of the "Making Home Affordable" program. And we all know how easy that program is to use.

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