AN, your job being recession proof does not mean everybody else’s jobs are. Other people loosing their jobs will cause your house to lose value. So what if you afford the payments? You’re still paying for an overpriced house.
I own my own business so I’m not too worried for my own financial well-being. I’m only talking in general about people considering buying.
Why would a wife nag for a house? So she can decorate. How much does home decoration costs? It’s not cheap.
My net-worth is higher than most individuals and I certainly don’t want to lose $300k, not even $100k. $100k equals about $665/mo for 30 years + property taxes. Wouldn’t you rather have the money to save or spend on what you want rather than sending it to the lender?
Anyway, if you guys want to buy, go ahead. I’m done discussing this topic.
