Comments on: Did You Know You Might Be Throwing Money Away !

By: kkkggg1456

kkkggg1456 — Tue, 09 Mar 2010 15:11:59 +0000

i dont think so
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By: thisisonlyatest

thisisonlyatest — Tue, 09 Mar 2010 15:09:59 +0000

Some people aren’t meant to own a house. It could be for lots of reasons ie: they like being to call a landlord when things break, they don’t want to have upkeep a yard, the house they can afford is too far away from where they really want to live, being in that much debt scares them, and the list goes on.

None of these reasons are BAD. If it’s how you feel it’s a valid reason. It your right to own land if you feel you want it. It’s also your right not to.

Also, keep this in mind for your future baby. If you can only afford to buy in an area where the schools are bad, but can rent in an area where the schools are good, that’s not a waste, that’s an investment in your baby’s future.
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By: erikdjs

erikdjs — Tue, 09 Mar 2010 15:07:59 +0000

So many Americans are pressured into buying homes when the time isn’t right for them. It is up to you and your immediately family ONLY to decide when and if you’re ready to purchase a new home. There is nothing wrong with renting, and I encourage most of my first-time buyer clients to rent for a year or two prior to purchasing to experience the burden of housing expenses.

Live within your means, make solid investments and you’ll come out ahead of your friends that didn’t have the discipline to wait before spending.

Good luck to you and congratulations on starting your family!
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Me, mortgage broker/banker – 6 years.

By: coconuttree000

coconuttree000 — Tue, 09 Mar 2010 15:05:59 +0000

Many Americans are renters and there are nothing wrong with renting a town house. If your neighbors are nice and quiet then the town house is probably a decent place to live even with a child. Once you think you are financially ready to purchase a home then do it. If you want to buy a place, try to save up to at least 20% of the house's value for down payment so you don't have a huge mortgage. My girl friend and I also getting marry soon and are currently looking for places to buy as well. As we started looking we realized that owning a house is not just mortgage but property, insurance, utility, and association fees if applicable. We are thinking about borrowing 300k and the monthly mortgage is about 3k even with the low interest rate of today. So if you are tight with money I wouldn't suggest you buying a house right now. Save up some money first, take care of your fertility situations, then when your financial status stabilize then think of buying a house. Just remember, being a good parent is much more important than just bringing a baby home in a big house. With less money problems come with less stress, and parents with less stress can spend more time with their babies. The last thing you want is to let the house own you. Congrats on getting marry and good luck on your fertility treatments.
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By: N C

N C — Tue, 09 Mar 2010 15:03:59 +0000

Housing prices are dropping and will continue to drop for a few years. You are better to rent now and buy later when the prices are near bottom.
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By: Wally

Wally — Tue, 09 Mar 2010 15:01:59 +0000

You should do what you want, but please get some new different friends.
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By: Grace1228

Grace1228 — Tue, 09 Mar 2010 09:59:24 +0000

Do you believe it is "throwing your money away" to live in a rented townhouse?
My fiance and I recently moved into a nice roomy townhouse which is rented, not bought. It is 2,000 square feet, 2 bedrooms and 2 and 1/2 baths in a very nice complex/neighborhood. We are getting married in June but are planning on staying here 4-5 years and hopefully having a couple children before we get a house. Although ideally we would love to get a house right after we’re married, we want to start a family right away and will need fertility treatments, so we have decided to put our money toward that first and a house after (we have more square footage than the average home here, so I didn’t feel like this was a poor decision). However, we have had many people tell us we are throwing our money away because the rent we pay each money could be put toward a mortgage. Granted, they don’t know our fertility situation and might understand better if they did, but I’m curious as to whether most people feel it is a poor decision to rent rather than buy. One of my best friends is also getting married soon and says she would never even think of "bringing a baby home to a townhouse"…I was really offended by it because we are paying good money so that we can have a place large enough and nice enough to start a family, even if it’s not a house yet.

I guess I am starting to ramble…just looking for some opinions, thanks!