Fort Collins is an OK market. We've been here 7 years and house price have been flat the whole time.
Buying a house with no savings is very risky. We moved in to our house and realized it needed a new roof - $2500, then the water heater sprung a leak $700, then the furnace went $2000 and the AC condensor was corroded $400, then the paint started peeling $2400. That's not to mention the sprinkler system every single spring, the new carpets and now the windows are getting foggy.
If you're taking a 100% loan because you don't have savings that's not good. You should have at least 6 months of living expenses and a bit extra before you buy a house. - Wed May 21 2008, 16:45
Fort Collins is an OK market. We've been here 7 years and house price have been flat the whole time.
Buying a house with no savings is very risky. We moved in to our house and realized it needed a new roof - $2500, then the water heater sprung a leak $700, then the furnace went $2000 and the AC condensor was corroded $400, then the paint started peeling $2400. That's not to mention the sprinkler system every single spring, the new carpets and now the windows are getting foggy.
If you're taking a 100% loan because you don't have savings that's not good. You should have at least 6 months of living expenses and a bit extra before you buy a house. - Wed May 21 2008, 16:45