Newzity

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Wisdumb: Why you should buy a house now?

Scared about the falling housing market and sub-prime crisis? Don’t be. Here are three reasons why you should ignore all the bad news and buy a house now.

  • Patriotic Duty: Do your bit for the the nation by helping banks get out of the sub-prime mess. Don’t ask what the banks can do for you, ask what can you do for them.
  • Cost averaging: Only two years ago you paid an arm and a leg for your first house. Now buy another home in your block for half the price. The average cost would look much better.
  • Home equity line of credit: Use it to buy the Hummer H2 you’ve always dreamed of owning.

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