Realtor's Say it Is A Buyer's Market

ITD · 10-28-2012, 07:53 PM

Thanks Lawn Psycho, unfortunately Washington politics have had a huge impact on the lake's economy and this thread has meandered since its first day.

To me the big question is whether buying a second home with a mortgage is a prudent thing to do. I'm sure there are situations where it makes sense, but what are those situations and how do you determine when you are getting in over your head. Just because a bank qualifies you doesn't mean you should take the loan.

10-28-2012, 07:53 PM	#24
ITD Senior Member Join Date: Apr 2004 Location: Moultonboro, NH Posts: 2,963 Thanks: 490 Thanked 704 Times in 394 Posts	Thanks Lawn Psycho, unfortunately Washington politics have had a huge impact on the lake's economy and this thread has meandered since its first day. To me the big question is whether buying a second home with a mortgage is a prudent thing to do. I'm sure there are situations where it makes sense, but what are those situations and how do you determine when you are getting in over your head. Just because a bank qualifies you doesn't mean you should take the loan.