[quote=bearishgurl]I’m just curious how sd gal obtained $110K in two years since her SS yet she managed to stiff her lender by how much at closing?
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BG, I’m not one to judge or question how/when the savings came from.
In fact, I think the OP should be commended for saving $110k to begin with, as many people don’t do this to begin with.
But, all he/she had to say was personal loan at 12%, and that was a red flag to me..
You see, contrary to me being an ass most of the time, I don’t like seeing individuals getting screwed. (well, I make exceptions to people like *cough* my neighbor who goes through a short sales process and still spending whatever money on Nordstrom crap they are suppose to be saving to get back on their feet….But that’s a separate discussion)…And it’s my opinion (and just my opinion) that the OP isn’t not ready to buy..Similar because he/she needs to shore up his/her financial resources (right after dodging a bullet).
and frankly, I really don’t think she’s missing much. There’s a bunch of people trying to buy, trying to scramble..And pricing isn’t all that hot right now. Supply isn’t that great, and a bunch of other issues. If the OP actually waits just 3-4 years, guards her money like a hawk, makes it grow a bit, he/she is going to be in such a stronger position than she is right now. yes, interest rate is low right now.. But I doubt she can take advantage of this right now anyway. That’s was my point.
I can understand that sometimes when one rents, it’s frustrating and annoying..But at the same time, it ain’t worth screwing up one’s future over yet again another “nice to have” imho.
