Would you rent or Pay a mortgage???
November 5, 2006 4:23pm CST
Hmmm... that's a tough question because, if you pay rent, you don't have to pay for property tax and sometimes the utilities are included with your pay. However, when you own a house, you can rent the bottom suite if you have one to help pay for the mortgage. Which one would you choose?
• United States
12 Nov 06
I believe in Buying your home....I rented for years. Then I buckled down sold everything I could and Bought My first house. It is better to buy because in a way you are paying yourself. And the value ( at least here in California ) is always going up so your money is working for you.. suzieque, You have mentioned this bottom suite many times in other posts. What is it? I'm not familar with the term.
11 Nov 06
if i could afford the deposit for a house i would buy one and have a huge mortgage, at least your getting something for your money, once you've paid the mortgage you have a house which is a major asset, if your renting your money is just leaving your bank and you get nothing in return in the long term