Tag: home buying

I just bought my first house in November last year, and was definitely suffering from the dilemma of should I save up to buy a home or put the money in my 401K. If you have the same situation I would suggest that there are a couple of different questions you have to ask yourself before you can get a clear answer. The first revolves around are you looking to move soon? I.e. do you like your employer or do you think you can move onto pastures new that may have better opportunities. Continue Reading

Buying a home can provide many benefits beyond have a place to live that you can call your own, such as creating a forced savings plan. However, buying a home is not necessarily for everyone. For example, I rented for quite a while since coming to the US, as I wasn’t sure about my job and house prices where I lived in California were through the roof (excuse the pun) in the previous decade. I couldn’t see much value in buying a home at the time, and fortunately renting allowed me to escape this housing bubble. Thus, I would suggest it may not always be in your best financial interests to buy a home, and such key reasons for not buying include: Continue Reading