Thinking of buying a new house now?

Excellent editorial article with some financial considerations one may wish to take before buying a new house right now.

Melanie Taylor @ www.ThinkMoney.com makes some very interesting points:

These are strange times for would-be homeowners. On one hand, property prices have dropped, bringing the dream of homeownership within the grasp of many who couldn’t afford prices at their peak. On the other hand, no-one knows how much further they’ll fall, so buying property does take a certain amount of courage – assuming you can get a mortgage.