Houses
Buying a house is a huge part of the American Dream. That’s because a house isn’t just four walls and a roof. It’s a place to potentially raise a family and build memories to last a lifetime. Just for those soft benefits alone, buying a house should be worth it. The problem is that many young people who are looking to buy do not approach their goal with enough pragmatism....
Net Worthy Nugget #6.2
Buying a house is a very big decision; don’t do it unless you can commit to staying in that house for at least 5 years
Net Worthy Nugget #6.5
The geographic aspect of buying (which region of the country, which state and city) is more critical than ever—make it a deliberate, conscious choice.
Net Worthy Nugget #6.6
If you decide to buy, there are five significant financial readiness tests you’ll need to pass.
Net Worthy Nugget #6.7
Set a target price to yield just enough house to meet your needs for the foreseeable future, but no more than that.
Net Worthy Nugget #6.8
The most important financial criterion in selecting a house is resale value.
