By Lesley Scorgie
I was in New York City at the end of February at the same time a massive snow storm rolled in. The weather wasn’t exactly ideal for site-seeing. So, I hit up the museums, shops, restaurants and shows. My favourite discovery was an exhibit of Tim’s Burton’s work, featured at the Museum of Modern Art. There was a statue of Edward Scissorhands, sculptures of the Corpse Bride and so much more. As I approached the final display, I struck up a conversation with a couple beside me. They started joking about how they’d experienced their own version of The Nightmare Before Christmas. It turns out, they’d bought an expensive condo in the fall and one of them lost their job shortly afterwards. Cash-strapped and house-poor, they had to sell their beloved condo during the holidays and go back to renting something they could afford. Yikes!
Whether you’re an existing homeowner or just thinking of buying for the first time, this information is for you! There are many incentives right now for homebuyers – low interest rates, competitive home prices, tax benefits and an economy that’s finally stabilizing. Plus, the spring and summer months tend to be when the majority of homes go up for sale, so there’s greater selection. These benefits make home ownership look like a really good deal. But, a good deal that you can’t afford is NEVER a good deal.
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Category: Rich by Thirty
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