Question:

What are the pros and cons of buying a home in this economy?

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The American economy is the weakest its been in my adult life. What are the pros and cons of buying a new home at this time?

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  1. Pro:  You get a home.

    Con: It could still drop in value.


  2. It's cheap to get a home because prices are so low.

    If you are thinking like an investor though, and want to sell it later, prices are likely to fall as there is not a lot of confidence in the housing market, and you make a loss.

  3. pro: low prices

    cons; High interest rates

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