Should You Buy a House in 2016 or Wait and Just Buy Gold and Silver?
h/t Mike M
Source: http://ncrenegade.com/editorial/should-you-buy-a-house-in-2016-or-wait-and-just-buy-gold-and-silver/
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I wouldn’t buy a house regardless. Yeah it has some advantages, but by the time you’re done paying it off, you’ll be old and it wont matter. I’m in my 30′s with a family, and happily renting. I pay less than a mortgage payment, I pay nothing for repairs, I pay nothing for garbage, and I pay nothing for water.
I could buy a house. And pay twice as much every month on a mortgage that wont be paid off till I’m dead, and be responsible for every single leak, malfunction, service, and tax, the house has.
No thanks.
You obviously don’t understand the advantages of a mortgage. If you’re paying for the sake of numbers $1,000 a month in rent, to own the house would be about $600 a month… If you decided to go ahead and apply that extra $400 a month towards the principle you’d have the house paid off in 10 years.
Wise up.
Then, when it’s paid off, you have a RETIREMENT FUND. With renting, you will have NOTHING.
(Assuming of course, the economy doesn’t crash or we have a termination event, in which case it won’t matter.)
I’m close to retirement and actually OWED money to sell it because of the devaluation. Renting is best until we overthrow the government thieves.
We used to rent. $960 per month for a 3 bedroom, 2 bath townhouse.
Now we are owning, $900 per month with 5 bedrooms and 2 baths. Not to mention, you have your own yard. Of course you have to take care of it but that is easy with the slightest amount of ambition.
We’re actually building equity instead of all of the monthly payments going straight down the toilet.
Buy a little gold and silver, a lot of food and water, some medical supplies and lots of ammo for home defense.
It’s all relative, have collapse and the price of of gold and silver will be reset to some value well below today’s price, it is never meant for you to come out on top, only the top comes out on top.