buy or rent a home

@drashima (224)
United States
February 3, 2007 3:31am CST
hi everyone, we live in rented apartment albeit a luxury one, the rent we are paying is much more than what our mortgage cost would be if we were to purchase our own house. our friends and family members are all after us to buy a house . but we are a newly married couple and expecting to move out of the city where we live in about a year. so we feel its not worth the effort.moreover our apartment complex is really cool,any problem we have they fix instantly,in our own house we would have to make the effort ourselves. what do you feel,should we go in for our own house even though we might move in a couple of years or should we wait till we are properly settled?
1 response
@Bangalorean (1282)
• India
3 Feb 07
It would be wise, you buy a house on loan bais from any bank and pay ur EMI, instead of rent. For at the end of the day, you have a house of your own, instead of being kicked by your landlord according to his fancies.
1 person likes this
@drashima (224)
• United States
3 Feb 07
in the US theres no way we can be kicked out , and the landlord as you put it is a management company,not a single person.