Re: owning a house vs renting costs
I dont mind that but real estate is at a low right now and we cannot be sure if home prices will stay the same in 3 -4 years so husband thinks if we want to buy a house, this is the right time. We can probably get a small decent house in our price range now in a reasonable neighborhood. I have checked and the house prices have dropped atleast $50,000 if not more. Thats a huge diference.
Its just that I think we should buy a property and rent it out or invest our money somewhere else so we are getting some return on our savings. But we know nothing about renting out and no one we know has done it. I have been reading about it and it sounds difficult, there are so many legal things like gemini pointed out.