If you’re young, single and still renting, the idea of buying a home instead may have crossed your mind. But would it really save you money? Is it a smart investment? Can you afford it? Buying is a big decision that deserves some research. Before you dive in, consider the pros, cons and financial realities of getting a loan, affording the down payment, paying taxes, and other factors that are part of home buying and ownership. Overwhelming? Yes. Impossible? No! Get the facts and you may find that you ARE ready to buy! Nicholas Pell, writing for Mainstreet, explains it all in his article ‘New Home Buying for the Young and Single‘.
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