Home Ownership and the American Dream!

If you buy a house with a mortgage... is it worth it?

Consider this. Most mortgages today are 30yrs.

The argument for buying is that your home builds equity right? After a $500-$700 yearly insurance cost, $1000.00 + in taxes yearly, and $1500+ in maintenance and upkeep per year over 30yrs you have payed in $90,000.00+ in add ons.

Where is the equity, and why not just rent if you can't pay cash?