Tuesday, February 23, 2010

Buying a Second House

Posted by Peter at Tuesday, February 23, 2010
With the housing market crashing down and looking like it has bottomed out. Me and my wife have been thinking about maybe trying to buy a second house. No, we're not trying to bloat about it, but we came to a conclusion that we need a bigger house. Our current house is about 1600 square feet, 3 rooms and 1 bathroom. We have 6 dogs, 4 cats and a brand new baby, as you can tell it's a little cramped in here. We have been keeping an eye on the house prices here in Jacksonville and have seen some houses that are 2800 square feet selling for under $100,000.00! We bought ours for $150,000.00 darnit!! Our plan is to try to buy a bigger home and then rent out our current house until the economy gets better then sell it. I don't know how many of you out there have thought about this or have even done this, but I wanted to know what your thoughts were on this as I'm sure many people are thinking the same way, with low home prices and low interest rates.

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