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re: Buying Home Question

Posted on 10/24/13 at 8:34 am to
Posted by TaxmanMSU
a glasscase of emotion
Member since Oct 2012
4217 posts
Posted on 10/24/13 at 8:34 am to
You're young man. Build up some savings first. Although there is some good sense in "paying yourself rent" on a mortgage, because basically that's all you're doing renting.

That's the way it is in my area at least. Money spent on rent vs. a mortgage payment is a balance that you'll have to figure out based on your situation. But I'll go back to my original advise, you are young still. Build up some savings and a downpayment.
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