02/18/2024
I may not have the same purchasing power in this kind of economy if they ever lay me off. I need an income-producing asset that can protect my income in the event I lose my job.
These words from my “buyer” hit me like a ton of bricks. My whole perspective shifted completely. He's right. You might afford to buy today, but what happens if you lose your job tomorrow? What if you're laid off and have no income coming in? Sure, there's unemployment compensation, but how long will it last before you're off those benefits?
Life is full of uncertainty, but if you're smart, you'll understand why the rich keep getting richer! Don't wait if you can afford it now. Interest rates aren't the issue. Buy while you can, because prices are still low, and you can benefit from contributions from new construction to seller contributions in resale homes.
