No bargains in red states for nice houses, you still gotta buy
carefully.
The secret, so far as I can tell, is to have a job with a real
retirement (fat chance these days) and to buy a house in a
neighborhood that will still be decent when you retire and PAY YOUR
HOUSE OFF rather than keep using for a line of credit.
Vast numbers of people lost their houses in the "downturn" because
they had not paid them off, just kept borrowing against them to
"renovate and raise the value", leaving them with more debt than they
started with and now no job.
You might not have a McMansion with 6000 sq ft of space you will never
use, but if it's paid for and has no mortgage, you only have to pay
the property taxes and utilities to live there!
Peter
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