[all]

[quote=urbanrealtor]
Also, bear in mind that if she gets foreclosed on while you live there, then worst case, you get 90 days free rent.
[/quote]

I believe it is the greater of 90 days or the end of the current lease, unless the property is sold to a buyer who intends to use it as primary residence, in which case it’s 90 days (no ‘end of the lease’ option). It theory it is not free – the new owner has the right to collect the rent and obligation to maintain the property.

[all]

[quote=urbanrealtor]
Also, bear in mind that if she gets foreclosed on while you live there, then worst case, you get 90 days free rent.
[/quote]

I believe it is the greater of 90 days or the end of the current lease, unless the property is sold to a buyer who intends to use it as primary residence, in which case it’s 90 days (no ‘end of the lease’ option). It theory it is not free – the new owner has the right to collect the rent and obligation to maintain the property.

[all]

[quote=urbanrealtor]
Also, bear in mind that if she gets foreclosed on while you live there, then worst case, you get 90 days free rent.
[/quote]

I believe it is the greater of 90 days or the end of the current lease, unless the property is sold to a buyer who intends to use it as primary residence, in which case it’s 90 days (no ‘end of the lease’ option). It theory it is not free – the new owner has the right to collect the rent and obligation to maintain the property.

[all]

[quote=urbanrealtor]
Also, bear in mind that if she gets foreclosed on while you live there, then worst case, you get 90 days free rent.
[/quote]

I believe it is the greater of 90 days or the end of the current lease, unless the property is sold to a buyer who intends to use it as primary residence, in which case it’s 90 days (no ‘end of the lease’ option). It theory it is not free – the new owner has the right to collect the rent and obligation to maintain the property.

[all]

[quote=urbanrealtor]
Also, bear in mind that if she gets foreclosed on while you live there, then worst case, you get 90 days free rent.
[/quote]

I believe it is the greater of 90 days or the end of the current lease, unless the property is sold to a buyer who intends to use it as primary residence, in which case it’s 90 days (no ‘end of the lease’ option). It theory it is not free – the new owner has the right to collect the rent and obligation to maintain the property.

[all]

I’m with SD R. I dislike guaranteed loss due to PMI and higher interest more than potential loss due to money not being in your 401k.

Since you are a first-time buyer you should be able to withdraw $10K from your IRA with no penalty. Your can always tap into your Roth IRA if the things get real bad. Also, some of your monthly payment will go towards the principal and the difference in cost between buying and renting less dramatic. And you can think of the principal as a form of contribution to your retirement fund – the house today is more tangible than 401k distribution 25-30 years from today.

[all]

I’m with SD R. I dislike guaranteed loss due to PMI and higher interest more than potential loss due to money not being in your 401k.

Since you are a first-time buyer you should be able to withdraw $10K from your IRA with no penalty. Your can always tap into your Roth IRA if the things get real bad. Also, some of your monthly payment will go towards the principal and the difference in cost between buying and renting less dramatic. And you can think of the principal as a form of contribution to your retirement fund – the house today is more tangible than 401k distribution 25-30 years from today.

[all]

I’m with SD R. I dislike guaranteed loss due to PMI and higher interest more than potential loss due to money not being in your 401k.

Since you are a first-time buyer you should be able to withdraw $10K from your IRA with no penalty. Your can always tap into your Roth IRA if the things get real bad. Also, some of your monthly payment will go towards the principal and the difference in cost between buying and renting less dramatic. And you can think of the principal as a form of contribution to your retirement fund – the house today is more tangible than 401k distribution 25-30 years from today.

[all]

I’m with SD R. I dislike guaranteed loss due to PMI and higher interest more than potential loss due to money not being in your 401k.

Since you are a first-time buyer you should be able to withdraw $10K from your IRA with no penalty. Your can always tap into your Roth IRA if the things get real bad. Also, some of your monthly payment will go towards the principal and the difference in cost between buying and renting less dramatic. And you can think of the principal as a form of contribution to your retirement fund – the house today is more tangible than 401k distribution 25-30 years from today.

[all]

I’m with SD R. I dislike guaranteed loss due to PMI and higher interest more than potential loss due to money not being in your 401k.

Since you are a first-time buyer you should be able to withdraw $10K from your IRA with no penalty. Your can always tap into your Roth IRA if the things get real bad. Also, some of your monthly payment will go towards the principal and the difference in cost between buying and renting less dramatic. And you can think of the principal as a form of contribution to your retirement fund – the house today is more tangible than 401k distribution 25-30 years from today.

[all]

[quote=briansd1]
But the products at Walmart are the same as elsewhere.
[/quote]

Not really. Walmart does not carry Naked juice, locally-grown blueberries or free-range chicken eggs. The quality of the clothing they carry is worse than any place but Big Lots. Their mechanics botch jobs as simple as oil change. Their no-brand diapers are not nearly as good as Kirkland diapers and they don’t carry items like $100 gift card for $80 or $7.5 movie tickets. The brand name items that they do carry are likely the same quality as what’s in every other store, but so are the prices.

Unless they’ve changed big time since few years back 🙂

[all]

[quote=briansd1]
But the products at Walmart are the same as elsewhere.
[/quote]

Not really. Walmart does not carry Naked juice, locally-grown blueberries or free-range chicken eggs. The quality of the clothing they carry is worse than any place but Big Lots. Their mechanics botch jobs as simple as oil change. Their no-brand diapers are not nearly as good as Kirkland diapers and they don’t carry items like $100 gift card for $80 or $7.5 movie tickets. The brand name items that they do carry are likely the same quality as what’s in every other store, but so are the prices.

Unless they’ve changed big time since few years back 🙂

[all]

[quote=briansd1]
But the products at Walmart are the same as elsewhere.
[/quote]

Not really. Walmart does not carry Naked juice, locally-grown blueberries or free-range chicken eggs. The quality of the clothing they carry is worse than any place but Big Lots. Their mechanics botch jobs as simple as oil change. Their no-brand diapers are not nearly as good as Kirkland diapers and they don’t carry items like $100 gift card for $80 or $7.5 movie tickets. The brand name items that they do carry are likely the same quality as what’s in every other store, but so are the prices.

Unless they’ve changed big time since few years back 🙂

[all]

[quote=briansd1]
But the products at Walmart are the same as elsewhere.
[/quote]

Not really. Walmart does not carry Naked juice, locally-grown blueberries or free-range chicken eggs. The quality of the clothing they carry is worse than any place but Big Lots. Their mechanics botch jobs as simple as oil change. Their no-brand diapers are not nearly as good as Kirkland diapers and they don’t carry items like $100 gift card for $80 or $7.5 movie tickets. The brand name items that they do carry are likely the same quality as what’s in every other store, but so are the prices.

Unless they’ve changed big time since few years back 🙂

[all]

[quote=briansd1]
But the products at Walmart are the same as elsewhere.
[/quote]

Not really. Walmart does not carry Naked juice, locally-grown blueberries or free-range chicken eggs. The quality of the clothing they carry is worse than any place but Big Lots. Their mechanics botch jobs as simple as oil change. Their no-brand diapers are not nearly as good as Kirkland diapers and they don’t carry items like $100 gift card for $80 or $7.5 movie tickets. The brand name items that they do carry are likely the same quality as what’s in every other store, but so are the prices.

Unless they’ve changed big time since few years back 🙂

[Author]

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