my in-laws had the good habit of buying homes for their three kids wheneve they attended this or that school in substantive cities (ny, boston, toronto, down paymet, monthly chek, les any rental on spare rooms) or work in that or this city (downpayment only, amsterdam, berlin)
the upside is it encouraged them to seek out friends from all over - else lonely house, and as the cycle was up, lodging always ended up being effectively free
downside, it did not encourage irresponsible behavior of dorm living :0)
recommendation: year 1 in dorm, year 2 in communal living situation with friends, years 3-4 in house that youdo mind holding on to
my partners in looting are suspicious about the total effects of "just walk away" in that on cash flow basis, perhaps personal consumption would be up as money not going toward mortgage debt repayment may show up in larger tranches on the credit card side.
don't, must wait and see.
on bargains in real estate, perhaps the buy signal would be some major bankruptcy of home builder and perhaps a few banks
hard to say
we will know it when we see it |
