rent or own
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
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.