Most real estate professionals will always answer with a sunny "Yes!" when you ask them if now is a good time to buy a house. The Captain does not, as prior posts show. It depends on a person's time and circumstances. But if the stars seem to be aligning for you and you're still unsure, here are five reasons why you should consider leaping into the homeownership void in 2014.
1. You won't have to go to your in-laws for holidays. Whether you're single or have a partner, the issue of where to go for Thanksgiving or Christmas dinner will go away. I mean, you can go if you want to and endure tipsy political rants, boozy-breathed advice and what-not, but if you own a home and have spent time decorating it for the holidays, staying home is a clear and unarguable choice.
2. Your landlord can't raise your rent. It only makes sense to put yourself through this rent-versus-own calculator before you make a decision, but most cities are going through the tightest rental market in memory. If your landlord raises the rent to cover the ubiquitous "increased costs," whether or not they actually exist, what're you gonna do? A monthly mortgage payment, though, stays the same. Bonus: Mortgage payments are usually due on the first and late on the tenth. Those extra few days can be nice. If your rent is a day late, you pay a late charge.
3. You can turn up the television or stereo as high as you want. Enough said.
4. You can have a water heater bigger than a margarita glass. Yes! You and your partner can both take long, hot showers (or baths) and have plenty left over to do a couple of loads of laundry. Added bonus: the washer and dryer are down the hall, not down the block.
5. You can hang pictures at 3 a.m. if you feel like it. And paint every wall in the house a different color. And cook smelly food. And have a range vent that actually works, not to mention door handles and faucets that don't wiggle.
So, see? This space can be as fair and balanced as anyone else.
And all the best for 2014!