Pfinance

Question: Business and personal finance homework help?

(Posted by: kjdfadjk. on 2010-01-25 08:18:26)

Do you think that a young adult with a steady income should buy a house if they want one? Why or why not?

Posted by: Judy on 2010-01-25, 08:25:00

No. A young person, no matter what kind of job security and caree r they have should not buy a home. A home carries closing costs, that make it a loss if you move within about 5 years. 1. A young adult has a tendency to switch jobs and move around the country. 2. The person may also marry and want a larger home 3. The person may have children and want a home near better schools. /