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<p>[QUOTE=&quot;fatima, post: 1342358, member: 22143&quot;]One has to make the distinction on whether the home being bought is the primary residence or something else.&nbsp;&nbsp; A place to sleep is a necessity.&nbsp;&nbsp; The rest are investments and should be considered as such.&nbsp; The place where you sleep is not an investment and don&#039;t treat it like one.&nbsp; &nbsp; Without getting into the discussion of buying vs renting and the investment purchases, the best thing that anyone can do for themselves in regards to the place where you sleep is this.&nbsp; Only purchase a place that you intend to stay in for many years and only buy as much as you can pay off by the time you are in your mid 40s.&nbsp; Earlier the better.&nbsp; You should make this a priority over PM speculation.&nbsp;&nbsp; </p><p><br /></p><p>I realize this goes counter to what most people will tell you but these people are either going to profit off your purchase and/or they are already in debt.&nbsp; Remember misery loves company.&nbsp;&nbsp; Any long term financial plan that you have should involve a plan for being debt free by your 40s.&nbsp;&nbsp; The thousands of dollars you will save in interest payments to the banksters will put you far far ahead of your peers.[/QUOTE]</p><p><br /></p>

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