Affordability or potential?
By pink_bunny
@pink_bunny (324)
Australia
June 25, 2008 7:54pm CST
You're just an average worker who's earning just enough to survive the daily grind of life comfortably (not in total luxury yet) and you've finally managed to save enough money to buy a cheapie place (bargain) outright or to put on as deposit towards something that looks promising. In choosing which house to buy, will you go for its affordability, as you're concerned that you might encounter some problem along the way to make the repayments, or will you go by its potential? Meaning get something that is way over board in price but because of its location, you can already see its value soaring up high in the next few years?
2 responses
@rirbry (353)
• Malaysia
26 Jun 08
Is so hard to live now due to the raise of oil and food crisis, but if you can afford a house i think you just take it dont wait, i think property is a very valuable asset if you find the right location and right price, sometimes we dont know if our place can be a city one day and at that time the price of any property will increase too
@pink_bunny (324)
• Australia
26 Jun 08
yes...too bad we cannot predict what will happen in a year or two time....many of us can become overnight millionaires. thank you for your comment.
@Bertman410 (302)
• United States
26 Jun 08
It depends. You never know when something is going to happen. For me it would come down to if I was ready for something to happen. If am ready then I go for potential because in the long run it will pay off. But if I'm not ready for something to happen I take affordability just to be on the safe side. You don't want to be in a worse situation than you started.
@pink_bunny (324)
• Australia
26 Jun 08
yes, i agree with you. better to be safe than sorry, right? after all, i believe if its meant to be, it will be. thank you for your comment.
