Do you think that buying your home was a way to get a good investment for a sale or just have the rights to a house/ with ownership? With that in mind, if given the chance to have to an option of lowering a payment each month would you have saved ahead and planned to make the mortgage lower/ have more down payment? Are you mad you got into a home and have huge payments now?Answer Question
Asked by Anonymous at 8:28 AM on Oct. 20, 2010 in Home & Garden
Answer by shay1130 at 8:32 AM on Oct. 20, 2010
Answer by princessbeth79 at 8:33 AM on Oct. 20, 2010
Answer by BradenIsMySon at 8:34 AM on Oct. 20, 2010
Answer by Anonymous at 8:38 AM on Oct. 20, 2010
Answer by Scuba at 8:43 AM on Oct. 20, 2010
Owning your own home is a great financial investment. This is our third home and we were able to upgrade to a bigger and better home each time we moved because each home made a profit when we sold it. A house is a also a huge responsibility because it will not make a profit if it is not well maintained. A home is also a huge emotional investment since it is the focal point of family life.
Answer by beeky at 10:51 AM on Oct. 20, 2010
I see a house as both an investment and a responsibility. I think of it as a long term investment (because you are gaining equity with your payments instead of rent that just pays for someone else to gain equity), but to make the most of your investments you need to care for them. People watch their stocks and make decisions according to how the markets do, but not everyone stays on top of home repairs. Letting a home fall into disrepair will end up costing more in the end to correct. As for the payments, we bought a home that we could afford. The majority of our house payment is actually for property taxes. There is much to consider when buying a home and deciding where and what features are most important to your family (low payment, enough space, good school district, etc.).
Answer by QuinnMae at 2:20 PM on Oct. 20, 2010
Answer by scout_mom at 2:36 PM on Oct. 23, 2010
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