At least you guys are having the debate. When I tell people they should at the very minimum consider renting they look at me like I'm crazy. Too many people buy because of the 'comfort' of being a homeowner.
People have to remember you're NOT a homeowner till you pay off that mortgage. You're just a damn mortgage owner and if you fail to make your payments the bank WILL move against you. Hell, even when you pay off the mortgage you still have to pay real estate taxes. My father missed 1 payment of RE taxes after he paid off the mortgage because he was so used to the mortgage company doing it. Guess what, the city put a lean against him! Comfort is an illusion, the sooner you realize this the better off you will be.
People have to remember you're NOT a homeowner till you pay off that mortgage. You're just a damn mortgage owner and if you fail to make your payments the bank WILL move against you. Hell, even when you pay off the mortgage you still have to pay real estate taxes. My father missed 1 payment of RE taxes after he paid off the mortgage because he was so used to the mortgage company doing it. Guess what, the city put a lean against him! Comfort is an illusion, the sooner you realize this the better off you will be.
Rob