2006-12-31 19:28:38 · 8 answers · asked by hpylky 1 in Society & Culture ➔ Cultures & Groups ➔ Other - Cultures & Groups
You betcha.
I bought my house when I was 18 years old. It is mine mine mine.
(been in this house for 33 years!!)
M
2006-12-31 19:31:49 · answer #1 · answered by maamu 6 · 0⤊ 0⤋
Maybe it all depends on where in hte US your home is located at, where I am at we have few regulations. IF I want a purple house I can have it. I hated landlords wandering in when they wanted to and having to fight for everything I wanted to have fixed. Now, at least when I pay out the money each month I know this home will be mine someday. I may be old and gray but it will be all mine.
2006-12-31 19:31:15 · answer #2 · answered by T J 1 · 0⤊ 0⤋
It depends on what you want out of your home. I want to be able to recover all money I put into my living space when I move, I want to have dogs and a garage, I want to put holes in the walls if I like and paint it with garish colors. But I have to fix the broken water lines, replace the roof, maintain the yard, and pay taxes.
So, you decide what is important to you and choose.
2006-12-31 19:38:49 · answer #3 · answered by Batty 6 · 1⤊ 0⤋
Yes - You can rent and pay for someone elses home or own your own. From your home you get tax breaks, build equity to make big purchases, can resell it for a profit ---- Yup all pluses compared to renting. Also you can do what you want to your own home, you can't if you rent a home
2006-12-31 19:31:43 · answer #4 · answered by Anonymous · 0⤊ 0⤋
well you have to pay property taxes and such, which becomes like rent. You will never be free to live anywhere, whether it's your own home or a rented one. I don't own my own home, but with interest rates going up, property taxes going up, i don't even know if it's a good idea.
2006-12-31 19:54:36 · answer #5 · answered by snafu1 2 · 0⤊ 0⤋
It certainly has been for me. I have made more money in real estate than I ever did by routine employment. My present home has grown in value by more than the combined total of all money that I have ever spent on it for any purpose -- in short, I'm living for free.
2006-12-31 19:31:31 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Not if you're house broke.
www.daveramsey. com
This man is the authority on money and how to buy a house in a way you wont regret it.
2006-12-31 19:31:17 · answer #7 · answered by Sheryl 4 · 0⤊ 0⤋
I think so, I have a friend who's a homeowner and has no regrets, renting is just throwing your money away.
2006-12-31 20:14:54 · answer #8 · answered by Annmaree 5 · 0⤊ 0⤋