You are viewing a single comment's thread from:

RE: Is Owning A Home A Right?

in #home6 years ago

I own my house. I wouldn't say it's a 'right'. It's just an investment in a piece of tangible property.

People should prepare to set aside enough money to cover a 25% downpayment, fees, repairs, and the upkeep of the house. They should know what the taxes are and how to accelerate their mortgage so they pay it off sooner.

Buying a house for emotional reasons is a big mistake. When the house is sold it has to make enough money to justify its ownership.

Sort:  

Completely agree with your perspective. Financial preparation is key. I hear that you should at least put down 15%. You need 20% if you want to avoid loan insurance. So glad that you are talking about even higher down payments and paying off the loan sooner than later.

Coin Marketplace

STEEM 0.16
TRX 0.15
JST 0.030
BTC 59249.03
ETH 2543.53
USDT 1.00
SBD 2.37