http://www.biggerpockets.com/renewsblog/2008/06/04/real-estate-optimism-or-foolishness-a-move-toward-buyer-education/ Learn, Network, Invest Sat, 21 Nov 2009 17:53:35 -0500 http://wordpress.org/?v=2.8.5 hourly 1 http://www.biggerpockets.com/renewsblog/2008/06/04/real-estate-optimism-or-foolishness-a-move-toward-buyer-education/comment-page-1/#comment-57605 Qaswer Fri, 20 Jun 2008 15:46:25 +0000 http://www.biggerpockets.com/renewsblog/?p=1006#comment-57605 Different buyers and sellers have different thoughts. I think majority of them now know real tactics and they are wise than before. Different buyers and sellers have different thoughts. I think majority of them now know real tactics and they are wise than before.

]]> http://www.biggerpockets.com/renewsblog/2008/06/04/real-estate-optimism-or-foolishness-a-move-toward-buyer-education/comment-page-1/#comment-57326 Pinder Tue, 10 Jun 2008 07:15:55 +0000 http://www.biggerpockets.com/renewsblog/?p=1006#comment-57326 I think you are right. Thank you for your nice post. I think you are right. Thank you for your nice post.

]]> http://www.biggerpockets.com/renewsblog/2008/06/04/real-estate-optimism-or-foolishness-a-move-toward-buyer-education/comment-page-1/#comment-57249 Mo Fri, 06 Jun 2008 17:59:39 +0000 http://www.biggerpockets.com/renewsblog/?p=1006#comment-57249 I don't claim to be an expert in areas of finance or money lending especially in terms of what's happenig with housing, but it would seem that it does come down to education. You should know what you can, and can not afford. If you're being told you can afford a $500,000.00 property with only $5,000 (or $0) down-payment and an income of $30,000 or thereabout - something is wrong. The first step needs to be buyer education -- know what you can afford, know what are the consequences of no or low down payment. If you're intent on buying a house - consider a condo or townhouse and work your way towards a detached home. I don’t claim to be an expert in areas of finance or money lending especially in terms of what’s happenig with housing, but it would seem that it does come down to education. You should know what you can, and can not afford. If you’re being told you can afford a $500,000.00 property with only $5,000 (or $0) down-payment and an income of $30,000 or thereabout – something is wrong. The first step needs to be buyer education — know what you can afford, know what are the consequences of no or low down payment. If you’re intent on buying a house – consider a condo or townhouse and work your way towards a detached home.

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