[cloudmountain]

Home loans: SCARY debt. I remember our first home.
After buying it I called the realator to express my fears. He said "It IS scary. It's the biggest debt you will ever have. However, few people go wrong investing in a home. After all is said and done, you DO have a piece of property and THAT is one of the FEW things that actually accrues value in this country."

I know; there are places in the USA where property values are in the tank. How sad is that?

[autumnraine]

Yeah, in 2000, a single mom... was so proud to buy my own home! 2012 I owed a little over double what I owed and what it was originally appraised for. Walked away from it.

I couldn’t see sinking money into maintenance, taxes had tripled (Georgia removed homestead exemption and increased millage rate to triple) and pay the mortgage. I now pay rent, but can ‘call the guy’ when the AC goes out.

[wbill]

DO have a piece of property and THAT is one of the FEW things that actually accrues value in this country

My $0.02? You need to live somewhere. It won't be free. You might as well have something to show for it, when you're done living there.