Posted by: plastic surgery

When you are renting a property you are throwing your money away, because you are not building anything long term, you only have the pleasure of living. A dollar "invested" in a rent, is a dollar you will never recover. You would be paying for your mortgage whereas if you own your own home. All mortgages are more or less the same, even though there is a lot of variety in them these days. Interest and principle are two parts of every month’s payment.

You shall not hear again from the dollars you are simply flushing out in the toilet. The money that goes to the principle is money you save. This way, any dollar used to pay off goes in your own pocket. Don’t think about getting started in real estate without owning your own house yet. Change this fact and earn some experience. In many cases it just makes more sense financially speaking, and it is a great first step towards building your capital.

And if the real estate prices go up, the value of your property goes up as well. Your mortgage remains the same no matter how big the amount of money you own to the bank. The net worth of people who pay rent does nothing. Keep renting if you have the idea of making somebody else rich on your back. And if you really want a capital of your own, buy your own house.