For as long as I can think back to, all of the elders in our family have urged our siblings plus I to save plus buy my very own homes.
Cars plus other expenses were regularly considered minutes to being a respected homeowner, regardless of whether or not that condo had to be picked up through cash or a variable-rate 30-year mortgage.
My brother opted for the latter and has turned up into financial ruin after he was laid off from his job as a newspaper editor. His mortgage was far too much after 10 years of the interest rate slowly climbing while his pay was continually cut, leading up to his final termination at the paper. In doing my best to learn from our brother’s mistakes, I decided to stick to renting homes for the foreseeable future. I have been with the same rental agency for the past fifteen years and have only moved once during that time. They handle all of the maintenance and repairs for the owners who leave pretty much everything up to the agency. I have dealt with headaches when it comes to air conditioning plus never had to pay a dime more than three times I have needed repairs and also maintenance. The rental agency even paid to have the air conditioner replaced in my old home right before I was set to transport in after the old renters moved out. They have a maintenance contract with a local heating plus cooling supplier which even covers monthly filter replacements. All in all, I have multiple advantages renting with a reputable rental agency opposed to paying a pressing mortgage. I think that someday I will buy a house, however I’m in no hurry to take on that pressing responsibility.