Durand- each person's situation is different. How long do you think you will be in this home? I have lived in the same home in Oak Park for over 20 years!
On the whole, Oak Park has dropped a bit less than other areas. But sit with a lender and crunch some numbers. Interest rates at the moment are ridiculously low- under 4% at the moment for a 30 year fixed. So figure out what you would pay for rent in the next year or two, (and rents seem to be going up), and then look at what you would be paying each month for a home of your own, and remember there are tax benefits to home ownership as well. Then consider what else you would be doing with your money? Are you a disciplined saver? What rate of return can you get on investment? And remember, you can't live in a mutual fund!... more
I recently inspected one of Sim's listings in this area. I found just a few things and not very expensive repairs. Rare for me because I really pick a house apart. I suppose if I moved from Agoura Hills, Oak Park would be my next choice.... more