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Post by mstreepsucks on Jul 2, 2022 14:03:56 GMT
I mean rent to own , like if you pay monthly payments like... to own a house.
Because, here's what I don't get. If you have enough money to buy a condo. then why wouldn't you buy a house instead you'd have more privacy.
I mean, either one is better than renting sure. But I'm saying, both a condominium and the average small house cost the same to own right? Roughly 300 thousand dollars. Either one will take the average person 30 or more years to pay off.
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Post by enigma72 on Jul 2, 2022 19:02:59 GMT
I mean rent to own , like if you pay monthly payments like... to own a house. Because, here's what I don't get. If you have enough money to buy a condo. then why wouldn't you buy a house instead you'd have more privacy. I mean, either one is better than renting sure. But I'm saying, both a condominium and the average small house cost the same to own right? Roughly 300 thousand dollars. Either one will take the average person 30 or more years to pay off.
I had some friends who did this. They had HORRIBLE credit scores. It was the only way to get a toe hold |
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Post by alpineflower on Jul 2, 2022 19:15:56 GMT
There are some advantages, like not having to take care of a yard  |
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Post by onethreetwo on Jul 2, 2022 19:21:42 GMT
I was approved for a 170,000 home loan earlier this year. I can't buy a home for that but I can buy a condo for that around here. Still, I decided to keep renting instead.
In a few years if I still can't get enough to buy a house I'll probably go the condo route.
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