Quote:
Originally Posted by Jim B.
Rent. Save up their money until they can have a reasonable income to mortgage ratio , about 30-37% at least, and pay off credit card debt, and forget about the new BMW, trips to Bermuda on a cruise ship, season tix to their winning sports team and all that stuff.
OWNING a home to live in is not some god given or constitutional right, last I heard.
If it means that much to you, why not try a lease option or something?
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I asked because another poster was talking about their dislike for investors buying houses to use them as "cash machines" and calling it a racket. I was just making a point about investors,yes while making money, are providing a service to a lot of people in need. Indeed not a racket.