Comments on: 5 Dumbest Reasons Given for Not Buying a Home

By: Melvina

Melvina — Tue, 03 May 2011 16:17:54 +0000

Youve got it in one. Cuoldnt have put it better.

By: Yet Another Dumb Reason for Not Buying a Home

Yet Another Dumb Reason for Not Buying a Home — Wed, 30 Jun 2010 12:01:54 +0000

[...] questionable reasons people give for not buying a house each Wednesday. Two weeks ago, we covered Dumb Reason #1: Real Estate is no longer a good investment. Last week, we covered Dumb Reason #2: Renters are happier than [...]

By: Susan Jacobsen

Susan Jacobsen — Mon, 28 Jun 2010 16:26:28 +0000

Steve-thanks for your common sense approach and insight. To Alyx above, I’d say;the point is that a home is MORE than an investment (and oh, by the way, part of our problems stemmed from thinking a home was a piggy bank whose value was only in the ability to borrow against – or purchased by speculators who had no interest of the intrinsic value or something to immediately flip). In real estate we always talk about lifestyle-on the coast here we are careful to point out that family moments in the backyard are beyond monetary value. That’s why it’s often so hard for mom & dad to sell either their own childhood home when parents pass on, or for them to sell the home their own children grew up in. Apartments are transient; people will always want something where they have ownership and ‘roots’.

By: Steve Harney

Steve Harney — Wed, 23 Jun 2010 20:42:25 +0000

Hi Alyx,
If we want to look at a home strickly as an investment (though I believe it is so much more than that), we must realize that all investments go through cycles (i.e. stocks and gold as mentioned above). The goal in any investing is to ‘buy low and sell high’. We believe we are near the bottom in many real estate markets. Therefore, right now is a great time to buy.
Steve

By: Alyx Adams

Alyx Adams — Wed, 23 Jun 2010 20:04:37 +0000

Even though this article is titled five dumb reasons not to buy a home, the first reason is a little contradictory. Is the point of this article to get across to the home owner/buyer that they should have bought a house a couple years ago, or that they shouldn’t buy a house at all? Since Real Estate is no longer a good investment, why would skipping out on home owning be a dumb idea?