Is it a good idea, once I’ve saved up on my new job to start paying a mortgage?

[HappyWoman34]

I was thinking of a one bedroom unit, or flat, to start off.

[Anonymous]

Cash outright is best in this high interest economy, gold is the best saving vehicle because it isn't eroded by inflation

[HappyWoman34]

I can’t afford cash outright. My job doesn’t pay well.

[Opinion Owner]

If you can't afford cash, you probably not qualify for a mortgage in this economy

[HappyWoman34]

Possibly not, but I’d look for a modest place, in a cheap area.

[Opinion Owner]

6%+ Apr so every 100k costs 6k+ without clearing any debt

[HappyWoman34]

That’s a lot.

[Opinion Owner]

Exactly, elites are trying to stop people buying property

[exitseven]

Yes, it will help your credit rating, build equity and give you a sense of ownership.

[exitseven]

Thanks for the MHO

[molonski2]

100% it is , get into property whatever it takes , virtually impossible in many parts of the world if you can do it , do it , there are some great options with mortgages in the USA , that we certainly dont have in Australia , I own 2 houses there are houses are expensive - very.

[Anonymous]

Definitely a good idea but i would try and aim for a minimum of 2 bedrooms. I think you will get fed up with having only a 1 bedroom after a while.

[Smashingdoozy]

If you can afford it yes, buying is always better than renting

[Sparkie460]

If you can handle the cost of ownership, do it. Your house gains equity every day. It's like your own savings account when you own it.