You’re tired of “throwing money away” on rent. You want to buy your own home. But you’re not sure if now is the right time.
The answer has less to do with the overall economy, and more to do with your personal budget and life plans. In other words: The length of time in which you plan to stay in your home will make a huge impact on whether or not you’d be better off renting.
You hesitate about “now” for two reasons: time and money. In term of time, you’re not sure if you’re committed enough to staying in one place. How long will you really live in this home? And on an economic level, you’re not sure if you can afford all of the expenses that come with having a mortgage. Before you do something impulsive, let’s assess whether you should buy a house right now –- or whether you should wait.
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