If you are a home owner or want to buy a home some day, than what are your reasons?

Question

Or why do you not like renting.

Answer 1

I would like to own a home someday for the main reason of being able to do what I want to it.

My dream is to build a small movie theater in my house.

Answer 2

I want to own a home soon because all the money I've spent over the years on rent could have been used on buying a house. Collectively, you spend more money renting that you would buying. And I want something to leave to my kids.

Answer 3

When you're rent something, to me, you do not have the sense that this is mine, this is what I worked so hard to get, and then when you get older, who wants to still be renting, with those payments, you could have just payed for a house.In some places ,when renting, you can't paint the walls, or make any appliance / cabinet , door nobs, etc. improvements, so you always feel as if you can't really make the place seem like home!

Answer 4

You spend 5 years renting and you have nothing to show for it. At the very least, if you make 5 years of house payments, you can sell the house and make a little money off of it. The longer you pay on the home, and make improvements to it, the more equity it has. Equity = Money. You can also itemize your tax deductions to include the taxes paid on your mortgage. You don't get anything except crappy neighbors and a crappy landlord for renting.

Answer 5

Owning is equity, renting is throwing money away every month. Might as well just burn it. But when you pay a home loan, there is the hope that one day you will own the house and can sell it for profit, or live in it rent free.

Answer 6

lately your credit should be 800 and also you would have a demanding time getting a private loan. What changed into meant for use to assist human beings has been used to shore up the banks' own stability sheets. We not in any respect must have executed the bailout in any respect. i look at it this kind. it really is severe time we took on some own duty in this u . s . a .. yet, in case you needed a house in 2003 or 2004, you had to pay dearly for it in some aspects of the rustic. the cost hikes were fueled by using lender greed and absence of any variety of real monetary underwriting executed by using the lenders. What did belongings proprietors' do incorrect? they did not do their homework (or the mathematics). yet, now and again, human beings did not have a decision out of ordinary choose of an section to stay and the marketplace forces drove this. The lenders threw out their regulations and licensed human beings for products they couldn't in any respect have adequate money down the line. we must have not in any respect, ever allowed the providing of pastime in ordinary words mortgages in this u . s . a .. which could have stabilized the real belongings expenses and kept both lenders and debtors difficulty-free. i'd particular like my $2,333 lower back. That what the bailout expenses each and every one human beings, not counting AIG and the motor vehicle businesses.

Answer 7

Buying a home gives you the ability to say that it is YOUR home and you can do what you want with it; if you want to paint your kitchen a different color you don't have to check with the land lord you just do it!! Also owning your own home gives most people a great sense of pride and joy.

Answer 8

Rent is a waste of money, a home is an investment.

Answer 9

I rent because it doesn't have the all the responsibilities you get when you own. Something breaks call the landlord, snows? call the landlord. However I am getting sick of having a landlord so I am soon going to be looking to get a condo. ironic

Answer 10

why give my money to someone else so they can pay THEIR house payment? It's a good investment. I made over 80 large on my house in 4 years. (20,000 a year is not chump change)