About buying a house

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annieb's picture
annieb
Status: Member (Offline)
Joined: Apr 23 2011
Posts: 1
About buying a house

Hello,

A couple of years ago I joined this forum and asked about selling my townhome. I already had decided to sell but received some responses that reinforced my inclination and helped me move forward on that.  Now I have been renting a one bedroom condo for a year and am thinking of buying a house. I have private financing through my family trust and I figure that the money would be better invested in a house I can live in rather than in the stock market or in bonds. There will still be enough money left to live on.  I am single, age 62, with grown children in other states.

At this point, I still have my health and could spend some time fixing up a house and garden so that it could be a refuge for myself and a couple of family members, if necessary.And another good point is that I would buy in an area that has a transition community.

I'm wondering what you all think about this plan. I could sit around and wait for prices to fall further, but who knows what the stock market is going to do in the next year? I may not have as much money next year, or the next. And prices have not been falling all that much here in Colorado.

Thanks for any input on this delimma 

 

Full Moon's picture
Full Moon
Status: Diamond Member (Offline)
Joined: Oct 14 2008
Posts: 1258
 My wild guess would be

 My wild guess would be that the prices there will not be coming down any time soon .  I hope some of the people here that are from that State will help you  find an established community or something .

   FM

Poet's picture
Poet
Status: Diamond Member (Offline)
Joined: Jan 21 2009
Posts: 1892
Some Existing Threads On Your Topic

AnnieB

To avoid rehashing existing information or re-inventing the wheel... Below are some existing threads you might want to read and participate in.

I just used a few key words like "where to live", "buying a house", etc. and searched in the Google Custom Search field in the top left hand corner of many of the web pages on this site. I am sure these are not the only threads..

"Buying A House In Today's Market"
http://www.peakprosperity.com/blog/buying-house-todays-market/57624

"Where To Live?"
http://www.peakprosperity.com/forum/where-live/17838

"Need Your Help! Looking for Community or Group. Where to Live When The Storm Hits?"
http://www.peakprosperity.com/forum/need-your-help-looking-community-or-...

"Collapse Survival - Should We Move And Live Rurally?"
http://www.peakprosperity.com/forum/collapse-survival-should-we-move-and...

"Where In The WORLD Should Carmen Sandiego Move To?"
http://www.peakprosperity.com/forum/where-world-should-carmen-sandiego-m...

And just for kicks:

"Why Aren't More Of You (Americans) Leaving The Country?"
http://www.peakprosperity.com/forum/why-arent-more-you-americans-leaving...

Poet

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