OK - we discussed how owning a home was important in the long-term financial scheme of things. Most financial planners will state this. However, just because it is a good financial option does not mean that it is the only financial option for everyone.
In terms of fraud, owning a home and the desire to own a home presents a gold mine of opportunities for fraudsters trying to exploit this desire. It is beyond the scope of this post (or books for that matter). The desire for "everyone" to own a home has led to financial disaster, the most recent one being the near-depression crash of 2008.
So, although the financial advice is, more or less, sound about owning a house, there are some important considerations to review before making such a purchase. Perhaps the biggest question is - are you in a financial position to own a house?
We will look at this later.
In terms of fraud, owning a home and the desire to own a home presents a gold mine of opportunities for fraudsters trying to exploit this desire. It is beyond the scope of this post (or books for that matter). The desire for "everyone" to own a home has led to financial disaster, the most recent one being the near-depression crash of 2008.
So, although the financial advice is, more or less, sound about owning a house, there are some important considerations to review before making such a purchase. Perhaps the biggest question is - are you in a financial position to own a house?
We will look at this later.
NOTE: THE INFORMATION IN THIS BLOG IS NOT LEGAL ADVICE NOR
IS IT INTENDED TO BE LEGAL ADVICE. IF
THE READER HAS ANY LEGAL QUESTIONS, PLEASE REFER TO AN ATTORNEY.
NOTE: ANY INDIVIDUAL WHO HAS NOT PLED GUILTY TO A CRIME OR
WHO HAS NOT BEEN FOUND GUILTY BY A JUDGE OR JURY IS INNOCENT UNTIL PROVEN GUILTY
AS PER THE LAWS OF THE UNITED STATES OF AMERICA.
----------à>>>>>>>>>>>>>>>gene
tausk
No comments:
Post a Comment