Should I buy a house or keep renting?

Merna Fauset: I could advocate you to shop for a condo if the charges to your field have fallen. For the practical cause that charges will upward thrust someday (until you're pondering New Orleans). Look at it this manner, it's an funding! The instruct is on the station, however will quickly go away. If you don't leap aboard (purchase now), it's going to go away with out you. As that instruct travels, it accumulates wealth, however you will not be on it. Renting IS useless cash -- albeit very comfy. If you'll manage to pay for that alleviation then omit what I have mentioned right here. The announcing that a loan is a millstone round your neck could also be partially actual. I am afraid the determination is as much as you....Show more

Weldon Totaro: 2

Marcelle Vanlith: This is only a question that you can answer. You will never live as cheaply as $800 per month and if you like the rental lifestyle then keep renting. Not everyone should own real estate.That sai! d, I suggest that you calculate what the mortgage payments would be and how much property taxes would be if you owned that property. Remember that the taxes charged to the builder are probably still on land value alone so compare with a similar house in the same neighborhood.Once you have done that, open up a Roth IRA and put that monthly payment into your IRA. After five years revisit this issue and you can use some of the Roth money to make a down payment as a first time home buyer.The tax benefits of owning a house are never equal to what you have to pay to stay in a home. Another point is practical in that the most money I have ever made has been in real estate but it is generally a long term commitment. I purchased a home in 1983 for $62,000 and sold it in 2005 for $215,000. One of my sons bought vacant land for $5k and five years later sold it for over $100k. It took him five years to make $95k and it took me 22 years to make $153k. But nobody can predict the future.T! he best to you -- just make sure that you don't overextend you! rself and are sure of your source of income....Show more

Isaias Badgley: Rent-To-Own Homes : http://RentToOwnHome.uzaev.com/?iGoi