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Reply to "need to buy a home to save money but can't"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]ALSO, your math doesn't add up. Borrowing 300k could easily make your mortgage payments $2000/month once you add in taxes and insurance. I see no way that you'll pay LESS than renting if you buy a $350k house. And you don't even have the $50k to put down. [/quote] I agree. Sounds like they are in too expensive of a rental. Need to move farther out and spend a year or two saving money and repairing credit. [/quote] So let's say she finds the $50K. Would you recommend it then?[/quote]
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