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Old 07-10-2005, 07:57 PM
Cubswin Cubswin is offline
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Join Date: May 2003
Posts: 1,079
Default Re: Invest or pay off student loans?

i recommend that you reconsider purchasing a home for the time being. the real estate bubble is a serious concern and many people fear that homeowners are going to go into considerable debt when the rupture occurs.

I have no plans to purchase where im current living or within the next couple of years. I think northern virginia is the biggest housing bubble in the country right now. Our 2br, 2ba 1100 sq ft apartment went condo and we had first right to buy at the bargin price of $460k... with a $500 a month association fee to boot. I will not buy a condo here for that insane price... i making my money here and moving back to sweet home chicago [img]/images/graemlins/smile.gif[/img] Hence... im not really even considering buying until I leave this area or the housing market does a belly flop.

cubs
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