As two adults strapped down hard with insane student loans, i know if we scape together enough for a downpayment for a house here in the midwest, we'd still need to have a mortgage (which means extra payments every month).
I'd love to hear from couples on what made them decide to rent or buy a home, and how their financial situations lined up. (And also if you have kids or not, which i DO think makes a difference in how you go about renting a home in a particular school district).
I've been doing a TON of reading (seriously my brain might overheat soon), about how in the scheme of investments, home ownership doesn't really come as much of an advantage anymore. It's disheartening and hard to walk away from the idea of putting down roots somewhere, but i also want to make sure we're looking at this from all angles to make the best decision for our future.
YES we plan to talk to a financial advisor before any decision is made, however we have sat down with a bank to discuss mortgage options and the ultimate first step is to reduce our student loans to make home ownership a feasible option.
I'd just like some support and to hear from others on why they chose what they chose, their regrets and their perspective on why they think what they chose work.