Buying a house is a very big step in life at Prestige Aston Park. It’s also a major financial decision that could have long-term consequences. There are many factors to consider when deciding to buy a house or not, but there are three in particular that I believe make the case for not buying a house.
No matter what you may think, buying a house isn’t an investment at Prestige Group. Maybe it was at one time, but no longer. Buying a house is just like buying any other consumer good. It’s probably the most expensive consumer good you will ever own, but it’s still just an asset that costs money to maintain and depreciates over time.
Buying a house will make you poorer – at least in the short term – because of all the expenses associated with owning your home: maintenance, property taxes and insurance, to name a few. And then there’s the interest on your mortgage.
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