| Pelham, AL real estate is slow moving along with the | | | | no equity, no walls to call her own, no retirement, no |
| rest of the country, which means it is a buyers market. | | | | end of payments. |
| A buyers market is perfect for first time buyers. Rent | | | | At the same time she was droning on about the |
| is money wasted with no return. Every month you pay | | | | horrors of home ownership, we moved, bought our |
| your rent, you receive housing for that month and at | | | | first house, made a little on the sell of it, bought a |
| the end of one year, two years or thirty years, you | | | | slightly bigger home and through scrimping and saving, |
| have nothing to show for all that money. Even if you | | | | we have been able to pay off our mortgage by not |
| lose a little money with the selling of a home, most | | | | upgrading to a bigger home. We are now in our early |
| people are still better off than paying rent for years. I | | | | 40's with no mortgage. Life is good, we have freedom |
| had a neighbor when we lived at the University that | | | | to help our children in college, get into homes of their |
| never wanted to own a home. They had been living in | | | | own and to travel. My friend is still paying exorbitant |
| student housing for four years and I think they ended | | | | monthly rental payments. |
| up staying close to ten, then they went on to rent | | | | Now is the time; interest rates are fantastic, Pelham, |
| elsewhere. She was terrified of the responsibility and | | | | AL real estate is moving slow so they are priced right, |
| hidden cost of home ownership. Sadly, she will have | | | | stop renting and find a modest home to own for you |
| spend enough money over the course of her lifetime | | | | own. |
| to buy several houses with nothing to show for them, | | | | |