RE: 10 Reasons To Buy a House Today!

I kindly disagree and here are some considerations:

Stop paying property taxes and see how much the house really is yours.
At the moment we are in a housing bubble because of all the "free loans" driving up prices. These free loans are made up money by the banks. But the pay back is real money you worked for. This is a money transfer to the bankers.
Loans for 30 years are indeed a rent for 30 years. Only thing is, you pay the rent to the bankers instead of another home owner.
People like to think: "well, but after 30 years the house is mine". Wake up call: a house costs 5% annually to keep it "repaired". So if a home owners wants his house in good condition after 30 years, you must spend 30 * 5% the buying cost to keep it in condition. (I'm no expert so the number might be off, but you get the point)

You don't have to take my word. It's only natural there are pro's and cons. Either way, I advice you to watch this video by Khan Academy.

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brandonp (63) 8 years ago

Here are my responses to your points.

Stop paying your rent and see how long you stay in your place. Property taxes are included in the mortgage payment so I accounted for that in my payment.
Please explain what you mean by "free loans." As someone who works in the industry, I can assure you there are no such thing as "free loans" anymore.
There is at least something of value at the end of a mortgage.
Yes there are maintenance costs associated with owning a home, but any smart landlord will add these costs into the rent of a home, therefore the renters are paying for this regardless. That's a cost you are already paying for something that isn't yours.