Their are plenty of books on this subject, from plenty of "experts" but i would like to hear some advice from real people.
Me and my wife are renting--been renting for a long time. So many people keep asking "why!" like it's sinful or something. I am well aware that being a homeowner pays in the long run, but i don't want to rush into buying and end up regretting the decision.
However, as of late, we are not liking our current renting situation. We live in a condo community and the landlords are renting to whoever can pay rent. Lately their have been break-in's, theft, graffiti...i don't think i need to go on, we want out of here. It's just that anywhere else in our area is going to be at least 300-400 more per month (our landlord has never raised rent).
We could come up with 5-10k for a down payment (if we wanted) to purchase, but this is where it gets tricky for us...we do not want a hefty mortgage. I am seeing a lot of decent condos within the 75k to 120 range...for us i think it's just gauging how much the mortgage is going to be and figuring out if it's worth it or not.
Me and my wife are renting--been renting for a long time. So many people keep asking "why!" like it's sinful or something. I am well aware that being a homeowner pays in the long run, but i don't want to rush into buying and end up regretting the decision.
However, as of late, we are not liking our current renting situation. We live in a condo community and the landlords are renting to whoever can pay rent. Lately their have been break-in's, theft, graffiti...i don't think i need to go on, we want out of here. It's just that anywhere else in our area is going to be at least 300-400 more per month (our landlord has never raised rent).
We could come up with 5-10k for a down payment (if we wanted) to purchase, but this is where it gets tricky for us...we do not want a hefty mortgage. I am seeing a lot of decent condos within the 75k to 120 range...for us i think it's just gauging how much the mortgage is going to be and figuring out if it's worth it or not.