Ever had "gotta-have-a-house" fever?
This is a condition that affects many people. It causes them to say, "I've got to get a house. I am throwing money away by renting. We've got to get a house."
When you get this condition, you are VERY LIKELY to pay full retail price and make a decision you will later regret.
Anyone can catch "gotta-have-a-house" fever, but for some reason it really infects those who can't afford a house! I'm talking about folks with debt up to the eyeballs, $4.13 in the bank, and behind on half of the bills.
Here are some ways to avoid catching "gotta-have-a-house" fever.
- Wait overnight before making a purchase decision
- Seek wisdom from someone who really knows about real estate
- Save up 20% for a down payment – when you are really spending YOUR money, it changes the way you think about a purchase!
- Buy a house that makes you work on it day and night for five years because it was a ramshackle, low-down, termite-ridden, leaking, rodent-infested, soggy, sloppy, messy, butt-ugly trash hole. This will certainly help make you immune to that type of purchase in the future.