Can I Afford a House, Car, and Vacation?

experts are quick to tell you about the burden a home puts on your wallet and the swings of the housing market, but get real my friends.

most times than not, owing a home may just be your biggest asset and investment. you could get a home in a good school district with average tax for half the price if its not propped-up for sale. a little investment in fixing it pays big time if you decide to sell. i bought my home 8 years ago for about $2000,000 and its now worth about $550,0000 if i want to sell in a hurry.

if i had rented a condo in Manhattan 10 years ago and want to move out, i would not even get my deposit back and have to come up with 4 months rent to get another apartment.

same deal applies to leasing or purchasing a car. Go 600 miles out and get yourself a certified -preowned car with good resale value along with cheap maintanance cost and you can never go wrong. forget all these monday morning quarterbacks.

segun of NY 10:05AM August 16, 2011