Owner or renter ?

Okay gather friends lets talk housing !

In the dwelling you take up residence right now, is it owned making mortgage payments on it to once say its yours OR is the dwelling place someone else's and you just borrow it for awhile ?

Which is easier or better or worse . . . ? and why ?

I own, well pay a mortgage to a bank that holds the note on 'owning my home' and honestly I am not thrilled with the future prospects of this whole real estate transaction. Looking to fix this appropriately . . .

sharing the light,

Comments: 10

Lina :-p May 4, 2009, 6:05pm EDT

Renting to own...

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Priscilla (wishing I was in Costa Rica) ~. May 4, 2009, 6:30pm EDT

we have both. a house in Texas we just can't get anyone to buy & we are renting in Minnesota.

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Melissa R May 4, 2009, 6:33pm EDT

rent. i am in grad school, and then will be paying on loans for 10 yrs... so maybe in 12 yrs I can buy a house :)

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Eileen C. May 4, 2009, 7:30pm EDT

"Owning" and there is a link somewhere at www.hud.gov that if you put in the requied information it will tell you if it is better to rent or own for financial situation. I find this very useful and more people really need to use this tool, it would save them a lot of trouble. Not everyone can have a mortgage or should. I feel if you can it is better to "own" you a house instead of renting especially if you can pay extra payments every year. You save so much money in the long run. Thanks for posting.

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Nancy * May 4, 2009, 8:07pm EDT

it's ours ;)

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Ron B. May 4, 2009, 10:51pm EDT

own...

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Doyle ( IS SOOO 7 for 7 soon... ) C. May 4, 2009, 11:19pm EDT

Owned...no 2nds...and damned near paid off!

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Purrrrrrrrrrr~Genki dashite~Nantoka naru-yo! S. May 5, 2009, 9:59am EDT

Own two in Europe, but they are rentals for foreign businesspersons~
Rent here, it's easier~

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chelsie t. May 12, 2009, 12:19am EDT

just renting and in about 3 years we will buy a house or atleast borrow money from the bank to buy a house.

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Nora Davenport May 12, 2009, 12:25am EDT

Definitely own......we've lived in the same house for about 30 years......we paid the house off about 10 years early and saved a lot of money by doing so. Now, we're planning to do a ton of remodeling. It's a great feeling....the house is all ours......no house payments.....only homeowners' insurance and property taxes....LOL!

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Owner or renter ?

Comments: 10

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