rent or own

United States
April 2, 2007 7:57pm CST
I seen one of my friends started a discussion about renting or owning your home,If you live on a fixed income it is kind of impossiable to buy a place to live because when you get a raise in your check everything else goes up and it is hard to be able to buy a home for me some people might be luckier to have their homes already but with me it is not that easy how many of you have the same problem
1 person likes this
4 responses
@sigma77 (5385)
• United States
3 Apr 07
That is a good point. Living on a fixed income pretty much fixes you to limited choices. I hope you can get a home if you want it.
• United States
3 Apr 07
Thank you for responding and it does make a difference when you are on a fixed income
@Gemmygirl1 (2871)
• Australia
3 Apr 07
Things must be different there to here in Australia :) Here, the only thing you have to worry about on ANY kind of income is the rise in interest rates, however you can combat that by having a fixed rate loan. I figured, it was better to buy a house than to continue renting. With renting, all you are really doing is paying off someone else's mortgage so they own a house sooner - only you're paying it off for them. At least with a mortgage, all the money you pay back to the bank, goes towards you eventually owning the home.
• United States
3 Apr 07
my income is a disability check and every year I get and increase but then every year the prices goes up on everything and the raise that I get is just like I was not even getting a raise
@davis123 (507)
• United States
3 Apr 07
well actually my family owns many homes we rent them out to people [real estate]
• United States
3 Apr 07
as much money as I have paid in rent all these years I would be able to own muy onw but when you are on a fixed income it is hard
@y4175317 (204)
• Indonesia
3 Apr 07
i prefer to buy house because it;s more comfortable,not to be worry.
• United States
3 Apr 07
I only pray some day that I will own my own