NOVA/DC/MD - Z's & Coffee, Saturdays at 10AM in [WHERE?!], VA & Columbia, MD

StangerGT

Buy a house...

Interest is at record low levels, and its going to start to climb... a few percentage points can make or break the ability to afford something... hell even one.

I have rented since 07 and have nothing to show for it. i pay basically the same for a house. Roughly, if I make an extra 2 payments a year, it'll go straight to principal, and knock about 10 years off my 30 year.

If you do spend money on interest, it could be made up by the house climbing in worth. Even if you break even, at least you get that money back. Tax breaks are also nice. It also helps raise your credit score, saving you money in the long run.

Also avoid adjustable rates, that's really what got people in trouble. Stay with a fixed rate and you will have a predictable payment.

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Maximum Motorsports Susp. | MM Adj. Rear LCA | MM CC Plates | MM Front Coilovers 350lb | MM Rear 500lb Springs | Full Cobra Brakes | FR 3.73 Gears | FR LSD/31 Spline | JPC/SCT Tune | MGW Short Shifter | Star Spec 265/35/18x9 F - 275/35/18x10 R | stock exhaust lolz