Must read LA Times article from this Sunday for those waffling about buying a home. According to Michael Corbett and his book, "Before You Buy: The Homebuyer's Handbook for Today's Market". If you've got the down payment and can afford the monthly payment - it's a great time to buy! And by monthly payment, don't forget to add principal, interest, property taxes, and insurance (PITI). That's the true cost of home ownership. Oh, and electricity, gas, water, trash and cable don't forget!
Home buying, real estate: Now may be the time to buy a home - latimes.com
