Key points:

  1. Ways to justify buying a home; retain value going forward, beautiful views, and privacy. Also, if interest rates are low at the time and likely to go up.
  2. Ways to talk yourself out of buying a home; if the home is not in your current budget, if you will not use all of the bedrooms, if you do not plan on staying there for at least 10 years.
  3. One important thing to remember is not to think in terms of monthly payments. The monthly payment is very important, but you should never go over your maximum purchase price. By thinking in monthly payments you can convince your self to buy more than you need.

Read the full article here:

Buying a home is rough


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