Unfortunetly a mortgage is a necessary evil for most people as you can
buy a house with cash, but most people cannot do that for the biggest purchase in their life at that time. But your alternative is renting (if not living free somewhere) and renting is fine but you are not building any equity, thus the reason to buy a house, you are in most times building equity and adding an asset to your personal situation. As for the real estate recession several years ago......they happen in various parts of the country now and again. That is market forces in affect.
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In response to this post by John Donna Choi)
Posted: 05/25/2016 at 12:27PM