That mindset is why farmers went under in the 1980s and people lost their house in the 2000s.If you can afford to borrow money and build a house in this economy, your not hurting for money at all. I waited a few years to buy my second house and got a really low rate. It was the best decision I ever made. The housing market will come down in the next year or so, interest rates not so much. I would wait at least a year to buy.
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Today's Featured Article - A Cautionary Tale - by Ian Minshull. In the early 1950s my father bought an Allis Chalmers B and I used it for all the row crop work with the mangolds and potatoes, rolling and the haymaking on our farm. The farm and the Allis were sold and I have spent a lifetime working on farms throughout the country. I promised myself that one day I would own an Allis. That time event
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