Hard to go wrong on quality property. Our present home was about 2x my annual income, in a snob knob development, and we were debt free in 3 years. Value now is about 3 times what we paid.

If one expects to stay for a considerable time, should be a good investment unless ones local economy crashes.

On Rock Chuck's comment:
Quote
I keep hearing about people getting 'pre-approved' for mortgage loans


Yes. When we were house hunting the bank handed me a slip with a number they were willing to preapprove. They would have owned me for the rest of my life, but I would have been in the finest home in our community. That was before the housing crash, however, and I don't know if they'll go that far today.

Last edited by 1minute; 02/26/21.

1Minute