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Buying a house "Sounds" like a great idea.
Buying a house is only logical if:
1) you have a very high credit score and you can get a fixed interest rate below 5 percent.
2) you have every intention to live in that house for a very long time because once you buy it, chances are you will NEVER be able to sell it and get your money back. It's a BUYERS market. Houses are selling for 50K and 100K less than what they cost before. You can get a great deal, but be careful about getting trapped living somewhere and then regret it because you can't escape.
3) If your job is unstable, or you think you might be moving around to different places/different states to find a job, don't get tied down with a house that you won't be able to sell unless you PAY SOMEONE to buy it. Don't assume you can easily rent it out also.
4) FOR YOUNG GUYS, ITS important to "get it out of your system", and get some kind of FUN CAR. Everyone does that.
Deep down, most young guys know "when" it's time to settle down. They usually FIRST get married, or get someone pregnant, stuff like that.
5) ITS OKAY to live at home with your parents. I would rather my kid be with me than out doing something stupid.
IF IT TURNED INTO THE MOVIE "STEP BROTHERS", THEN yes, they would need to get out.
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