karasu -Yes i do rent. I said that in my first post. Been renting a while. Would still be paying a mortgage if I bought also.OutTapped -karasu -Lose my job and the bank foreclose on my home? That doesn't sound like a big win.OutTapped -karasu -But my income also increases so with rent increase and salary increase is still pay the same percentage. That's how it's worked for the last 15 years. I also have the freedom to change address unless you're tsl I ng about buying a trailer home then I hues I could change addresses that way.OutTapped - Well I spend 12% of my income on rent so does that mean buying a house is twice as expensive?
it means that in 10 years you will spend MUCH more because RENT will increase......
so you should lock in HISTORIC LOW rate NOW, buy a house....then 15years later or less you do not have to pay HIGHER RENTS and feel like a BIG WIN :)
and FREEDOM to lose your Job......develop injury/illness......and with a house PAID-IN-FULL you have AMERICAN DREAM SECURITY!
either way you RENT......but buy the house and you are able to PAID-IN-FULL......then FREE MAN BIG WIN!