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Sorrt, that's stupid advice. It makes no economical sense what so ever. Just don't get an adjustable rate loan and buy a home that is well within your means. Paying $600 into your own home loan is better than paying someone elses. Sure you could argue it's 'bad investment', but with that logic renting is much worse. Renting is also very volatile. Unlike popular opinion, home owners can kick you out or raise the rent as much as they want between lease agreements.
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[–] TheScattMan 0 points 3 points 3 points (+3|-0) ago
Sorrt, that's stupid advice. It makes no economical sense what so ever. Just don't get an adjustable rate loan and buy a home that is well within your means. Paying $600 into your own home loan is better than paying someone elses. Sure you could argue it's 'bad investment', but with that logic renting is much worse. Renting is also very volatile. Unlike popular opinion, home owners can kick you out or raise the rent as much as they want between lease agreements.