Well, me and my DH got an accepted offer on a house. . . We currently rent, 650/mo. Buying a house would be 700/mo but it would be ours. I do not work currently, though. I am planning on going back to school in the fall or in the spring of 11, so that I can get a good job when our DS is old enough for school in 4 years. We're not sure if buying the house would affect the schooling. . What do you think? What would you do?Answer Question
It might. There is a lot of up keep in a house beyond just the larger payment. Even if the home is in perfect condition upon moving in things can break. Then there is all the little things you buy to go along with it. Flowers for the garden, out door equipment, things you didn't have to own as a renter. It adds up pretty quickly.
Answer by BlooBird at 9:51 PM on Apr. 29, 2010
If your mortgage would really only be $50 more, BUY. Home ownership is a wonderful investment. Even with the economy being where it is NOW, values always go up eventually.
Answer by KairisMama at 9:58 PM on Apr. 29, 2010
Answer by rkoloms at 6:32 AM on Apr. 30, 2010
Answer by Anonymous at 7:44 AM on Apr. 30, 2010
Answer by Anonymous at 10:16 AM on Apr. 30, 2010
Answer by flitpixie at 11:42 AM on Apr. 30, 2010
OWNERSHIP is better than renting. It is a wonderful investment, I agree. Those who are against it must not own. Yeah, it will be more costly , that's LIFE. Do you really want to throw your money away on rent. That's what you do when you RENT - you THROW your money AWAY.
Answer by Anonymous at 12:51 PM on Apr. 30, 2010