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      11-13-2012, 01:03 PM   #161
There is No Substitute
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Drives: Audi A6, 997 GT3 RS, E90 335i
Join Date: Apr 2010
Location: Laguna Beach, CA

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Originally Posted by josephr25 View Post
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).
Yup, it's all about the personal circumstances. I say if you have a sizable down payment, 20%+, and have reasonable expectations that your job will be around for more than 5 years, then buying right now isn't a horrible decision.

It's the people who drive a $60,000 M3, and then complain they "can't save 20%" and use FHA instead who should really think about their decision.
'13 Audi A6
'07 Porsche GT3 RS
'08 BMW E90 335i