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Reasons Not To Buy a House
Reasons Not To Buy a House
Many people today are feeling the pressure to become homeowners. In America and all over the world, owning property is often considered to be the final step towards becoming a financially secure adult. But nowadays, there are also a few reasons why purchasing a home might be a bad idea.
First of all, it's a permanent thing. More permanent than an apartment, anyhow. Home buyers are making a financial commitment to that property for some period of time. If you aren't settled in a job, or even in a city, where you can see yourself for at least a few years, it's really not time to be purchasing a home. Rental life offers the convenience of year-long leases, and moving out of a rented home is a far simpler process than moving out of a house where you hold a mortgage. If you do purchase a home and decide to sell it again in a short period of time, the cost of buying and selling transactions might mean you pay quite a lot for your freedom. It's common sense: If you're still on the move, or if you might be in the near future, then let your ... more

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