Wealth Today

My wife pointed me to this article at IndyStar.Com regarding the housing bubble. Since I haven’t purchased a home yet, I’m learily expecting that even with interest rates so great, that I should hold off even longer. Suze Orman warns that 23 percent of houses purchased last year were for investment purposes. That’s a scary statistic. I think I’m going to hold off for now and give myself an opportunity to improve my credit score and create a substantial down payment, hopefully offsetting anything that I’d be losing by waiting until interest rates increase.

As a follow up, 30min.net got the result that my mother and I expected. She received no response in over a week’s time to her inquiry regarding the ‘investment opportunity’. This goes as more evidence of the idea : “If it’s too good to be true, it probably isn’t”. Instead, consider investing your time, energy, and money into something that has proven time and time again to be earning such as a CD, Money Market account, an index fund, a drip account, stocks or bonds. You’ll be glad you did.