Home ownership pros

Messages
74
#2
I don't want to owe anyone any money, during my life. By renting a house, you will constantly owe someone rent, etc. An advantage if you choose to buy a property is that you can then buy more than one property and rent the other and get into real estate from there
 
#3
Ownership comes to allot of pros if you know what you are doing and not getting into the deep end right away. For example I rather pay the full amount of the home rather then getting an mortgage that can take some months to pay back.

  • You own it so you can do what the hell you want
  • Not to worry about rant, other then everyday bills like gas/water
  • Can able to sell it and make that extra cash if the property prices are good for that time/year
  • can add new bathroom or whatnot
 

Ramona

Administrator
Staff member
Messages
35
#4
Right now we own our homes (our folks bought the 2 city apartments and we bought the house in the village). If we'll immigrate, we'll probably rent forever, since there's no reason for us to get into a mortgage this old just to keep my daughter in a fancier school.

For home ownership there are clearly many pros:
  • no rent - this will 'hurt' us a lot, when we'll go abroad, since rent is one of the biggest expenses we'll have on a monthly basis.
  • you can do whatever you wish
  • no one will evict you for any reason
  • you can sell or get tenants to earn some money
  • you can leave it to your kids. Just as we inherited real estate from our folks, our daughter will start her adult life in a pretty sweet spot.