People that rents vs People that buys
By lucgeta
@lucgeta (924)
France
2 responses
@desertdarlene (8910)
• United States
10 May 07
Well, where I live, very few people can afford to buy anything. That's why I'm renting. I have always wanted to buy but housing is extremely expensive, even for renters. Most people don't make enough to qualify for loans that can turn them into buyers. I have lived in the same place for 13 years and I don't like to move around.
@desertdarlene (8910)
• United States
11 May 07
Yeah, it shouldn't be much more to own than to rent. But, owning can cost up to three or four times the amount to rent an apartment in a low-income area. Plus, you have to qualify for the loan. I have excellent credit, but I found that I have to make around twice as much to afford the mortgage payments for even the lowest-price condos. And, that doesn't include maintenance and fees.
Thanks for the best response, by the way.