Why I'm Holding Off on Buying a Second Home -- Despite Having the Down Payment

Why I'm Holding Off on Buying a Second Home -- Despite Having the Down Payment

Of course, buying a second home costs money, so for the past several years, my husband and I have diligently socked away funds for that purpose. Although mortgage rates are pretty competitive these days, home prices are extremely inflated on a national level. One of the reasons home prices have climbed so substantially is that housing inventory has been extremely limited over the past year.