Originally Posted by persian54
I can see the attraction from buying a property with only 3.5% down...but I don't personally see the justification for the PMI.
Just rent or find something cheaper....but finding something cheaper isn't the American way, right?
Thanks for the clarifications.
I always tell people who feel they are pressured to buy a home:
There are people who are richer than you that just rent.
There are people poorer than you who try to buy.
Then, depending on what you buy, maintenance can be a nightmare...
All you need is a place to live (legally).