12685252, nothing is better unless you have a bunch of cash... Posted by legsdiamond, Sat Dec-27-14 04:56 PM
deej is dropping gems but he is also throw o my a few darts that would discourage someone from owning... and honestly, some people aren't ready even if they qualify for an FHA.
Fridge breaks down, it's on you... Heater or AC goes out... it's on you. Roof leaks... it's on you.
We used an FHA and bought a home in an area where the prices are stable. I'm not trying to buy in the hood and hope and pray it turns over.
We were renting for $800 and our FHA mortgage with PMI is $900. We looked at places where our mortgage could be 500 and they were some real shifty places.
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