kronin323
Font of Useless Knowledge
I just bought a house it was more because it was good price and worked for what I need right now. Plus 15 year, 3.25%, not a bad deal. I didn't even look at other houses. I plan to be at this job 2-5 years, probably closer to 5, but I don't see myself staying here (home or work) for a whole lot longer than that. Plus, buying the house was a whole lot cheaper than renting, it's an investment, and now I have some equity.
A guy your age buying a house with a 15 year mortgage is quite an accomplishment. Variable of fixed?
And yes, equity is nice, assuming we don't have another bubble burst and people end upside down again. Overall I consider home ownership to be much better than renting, but there are some "gotchas" that can be an unpleasant surprise, especially if you escrow.