Most Helpful Girl
Right now I am not in a position to own a house, if I had a mortgage I couldn't afford to fix anything if it broke, so for me renting is fine at the moment. Eventually I do want to buy my own house, but I want to have as much of a deposit as possible because I don't want to be working for ever to pay for a load of bricks.
Mortgage comes from the Latin words Mort, meaning death, and Gage, meaning pledge. So basically it means death contract. You will pay until you die! Not my idea of fun...
I would really like to buy some land and build my own house, that's what the ultimate plan is...1
Most Helpful Guy
Interest rates are low: I'd think it's the best moment to buy (with a fixed rate mortgage). Unless there's a remake of the 2008 crisis, real estate prices are unlikely to go down.1