Here's the big lie of home ownership. In the long term there are indeed benefits, but it's really a long term situation. In the short term, you're still effectively paying "rent", it's just called "mortgage", and if anything breaks, you pay to fix it out of pocket. Yes, you can make alterations to your home if you're feeling adventurous, or have more money than you know what to do with, but if you fail to make payments you can still be "evicted" like a renter. It's just called "foreclosure". So, short term, it's like a less good version of renting. Long term it pays off... Mostly...
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branchandroot
no subject
Date: 2008-01-04 05:32 pm (UTC)