Who here owns?
Who here owns?
Out of context: Reply #65
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- TheFatBaron0
Own a house.
Yes, I freaked out when I had to write a $20k+ check.
But, the wife and I were careful. What I often see is the recommendation to save the difference between your potential house payment + 50% each month for 4-6 months prior to buying. If you can get there, or really close, you're good. The point is that you'll have to make small repairs and improvements constantly, plus the occasional large repair, and you need to save for that besides your general savings.
The wife and I didn't worry about buying in a 'down market' (though it was better a year ago when we bought) - we made sure to find a place we would stay in as a long-term thing. If you plan to move every 3 years, you won't see any benefit to ownership.