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RE: The Steem Sister Show - Episode 31 // Buying vs. Renting a Home
I can't preach this enough to first time renters, or buyers. ALWAYS BUY! Espcially when you consider the value of return you'll get back on owning a home, even for 2 or 3 years will be worth the investment. The only time i don't recommend you buying a house is if you "literally" can't afford a basic mortgage payment. So please study your finances and do a lot of personal financial research before making a decision.
Even if basic mortgage payments are triple what renting a much nicer place costs? Where i live.... the housing market is out of control. Rent is pretty high too - but housing is insane unless you want to live out in the country and not have a very nice house. haha
I guess my point was that the money i'm saving by renting can be put into other investments that will grow in those 2-3 years. The amount i'd be putting into a mortgage in that time isn't really going to create a lot of extra equity for me. Especially since it seems like we are way overdue for a correction/possible crash soon.
When things really crash, then I'd feel much more open to buy. Right now it's just a sellers market where I live though.
Thanks for offering your thoughts and adding to the discussion/conversation!! You are always great about that @mainos12345!!