I'm 34 years old and a single mom.I live in a low income apartment.The question is,should I buy my own place or stay where I am? The way I figure is if I save my income taxes the next few years I can buy my own place paid for.and not worry about a mortage payment.My credit is ruined due to my ex husband and our divorce.My friend at church seems to think my mom is keeping me in poverty cause she tells me to stay where I am.Cause my rent is low,close to work and school and they have maintenance here if I need repairs.I've always wanted my own place for me and my kids.I'm torn down the middle here and need some advice.Help! No Bashing!
Answer by mandynjohnsmom at 5:14 PM on Dec. 18, 2010
Answer by LittleBirdFly at 5:08 PM on Dec. 18, 2010
Answer by DomoniqueWS at 5:04 PM on Dec. 18, 2010
Answer by hibbingmom at 5:06 PM on Dec. 18, 2010
There is more to owning a home than just a mortgage. What if the ac needs to be repaired? the roof needs replaced? property taxes? Also, I agree with Domonique, how is 3 or so year of tax returns going to buy a home outright?
Answer by JeremysMom at 5:07 PM on Dec. 18, 2010