related linksRead more for first-time buyers
FIND YOUR DREAM HOME OR APARTMENT
must-see on msn
These articles are so misleading so much of the time. Yes, your actual mortgage payment, and sometimes even your taxes and PMI (for FHA) added in, might be lower than renting a place, but alot of people forget the added costs that go into owning a home, like water and garbage, larger utility bills, upkeep, etc, which alot of times is paid for by the landlord. I have dumped nearly $2000 on landscaping alone for an approximately 1000 sf front yard on the fixer-upper I just bought. And now I will pay $45 monthly to a gardener to keep it up. I'm not bothered by it because I knew it would need to be done and i budgeted for it, but someone who didn't know the costs of landscaping might have been blindsided by that amount. There's no landlord to replace your broken toilet and fix the leak in your roof when you own a home.
This is my first home, and I like it even though its alot of work because its very rewarding, but I will probably turn it into a rental in 3-5 years, and move back into a loft downtown, since thats where I would rather live. I will be able to get enough rent to cover the mortgage, gardener, water/garbage, and stash some away for upkeep, plus someone else will be paying off my mortgage while I live in the community I desire, but can't afford to buy in. Win and win!
Bottom line, if you dont want to buy a house, don't buy a house. Investors NEED renters! If everyone owns, who will rent out their properties?
Home ownership is only a right to give county Government more dollars. government at all levels are screwed up. many of us have to make changes often cuz of government. home ownership is not the way to go at this point in time.
Anyone can own a home with or without gov. approval. Ive in the past 30 years have
succeeded in owning properties on a very low income! By myself, no family either. True
I did do fixer uppers, at one point turned a garage into a 4 room home, just to have shelter.
Today my disability of spinal bifida, has kicked in, and Im now renting..still having the dream
of owning again..work folks!!! If God chooses to send me a companion, Ill probably do it
again..theres nothing like privacy, no rules and you can have pets!! Good Luck.
As a renter, I gotta quit reading this ****. I rent for a reason. It's called DIVORCE. Been there, done that. I'm quite aware of the foregoing value of home ownership.
Plus, I sure as hell don't want to live or buy in Washington, D.C. You can have it.