I don’t think anyone has really answered your question here.
Costs of a loan. You have to pay back the money you borrow to buy your house and of course the interest that they charge.
You also have to pay for property taxes and home owner’s insurance.
Here are some advantages. Unlike renting, you own a home. Homes increase in value and are one of three main contributers to helping you retire.
Unlike rent, your property taxes and interest paid on your mortgage are tax deductible. This means every year, you get more of your hard earned cash back in your pocket.
The best way to see if it’s worth being a home owner in your area is by having a mortgage professional present a rent vs. own analysis for you.
I would be more than happy to do one for you. Give me a call. You can find my cell phone at caseycasperson.com or email me casey..x.casperson@chase.com
I kind of think , unless both people have good jobs, and they are happy together, and plan to stay that way, and the mortgage would be about the same as rent and they like the house better than the rented place……….
maybe best to just rent
References :
way fewer issues,