Quote:
Originally Posted by Righteous1
So i've got a pile of cash (literally) and a bunch on my account that i've just saved for no reason at all. Was thinking about buying a house..buy now or after all these out of provincers leave when their are no jobs left?
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Not on the real estate topic, but just out of curiousity...
Assuming you correctly used the word literally, why keep cash? Is it a "not trusting the banks thing" or a "I have cash income and put an approximation on my taxes" thing? Those are the only two possibilities I can think of (other than criminal proceeds). You hear every so often of people being robbed (or a good samaritan returning) large sums of cash, and I always wonder why they have such large amounts of cash in the first place.
Back on the real estate topic, I'd probably wait and see how things shake out before buying. If you want to buy now, I have a pretty decent two bedroom investment property in sunnyside I'd consider selling...