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I think that if you have a steady income and a family, buying (or building) makes more sense considering the fact that the landlord/owner of the rented property
by nreece 17y ago
I think that if you have a steady income and a family, buying (or building) makes more sense considering the fact that the landlord/owner of the rented property can ask you to vacate any time. Even with an advance vacation notice, finding a new rental property and moving with a family is a huge hassle. With your own property you at-least have the peace of mind that it's yours to keep (alright, not really so until you pay off the mortgage, but still better than renting in this one scenario).
- dantheman 17y agoHow much is that hassle worth though? 1. You may lose money so there is monetary cost. 2. You may lose the ability to easily relocate for a job - lack of options 3. You may lock yourself into something you may not be able to afford due to change in circumstance - lack of agility