1. Even on a shorter 15-year mortgage, buying a home means staying in one place for a long time. If your job requires that you move around frequently or if you want to experience other cities before settling down, hold off buying a home.
Reasons Why You Should Not Buy a Home
2. Some jobs may make it difficult to make payments on a house. If your income is irregular or there’s a good chance of layoffs in the future, taking on those mortgage payments might be a bad idea.
3. Consider renting if you have trouble paying your bills, either because of your income or for you just can’t seem to remember to make the payments.
Yes, It hold some reasons: 1. You’ll save between 5% to 6% on the rent you would have paid. To find your rent return, divide the annual amount you pay in rent by the price of the home.