Quote:
Originally Posted by diva1
Just something to consider...if you buy a resale home with no bond, you can fix anything you think needs updating for the price of the big bond you will be paying on the new construction homes.
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yes, except that the price of the resale has increased dramatically due to the scarcity of the new houses in that area. . . so the comment is comparing apples and oranges.
the comparison is always, how much can you afford, and where do you want to live. If you want to live 1.5 mi from LSL, and you can't afford the purchase price, or there are no houses in your price range, the bond doesn't matter either way.
The bond is a future expense. The house price is a here and now cash purchase. .
finance guy