Quote Originally Posted by ksniperfox
my apartment allows its units to have more than 1 person renting, effectively splitting the rent, legally. maybe not everywhere, i guess. this is my first apartment. if i were interested in living in an apartment more than 1-2 years then yes, i would have looked into buying a house. but im not.
not that i do not want a house, but i want more to spend less $. hence when my lease is up, i will be moving in with a room mate. and my share will only be a few hundred dollars a month. after 50 years, the $ i had paid monthly will only equal about 180k. that would barely afford a nice house. and then, i would be 71. id rather save now and advance my career, then look into the long term nice housing when i can afford it. the only thing i have to show after spending $ on rent is the $ i have saved. i spend it on things i like. i put some in the bank for later. credit or not, im not worried. my credit is good. if your credit is bad, some people should look into more stable ways to increase credit scores(a cheap vehicle, paying the bills you already have, etc) than going straight to a house first. having good credit will save you a **** ton of money on your mortgage.

i know its not like that for everyone, just my gameplan. each choice has advatages over the other. just depends which situation each person is that determines which is best at the time.
Many apt's let you have more then one person on the lease. Thats all nice and good but if one doesn't pony up his share then the others have to either make up the difference or take the hit like they did not pay. The same thing you said about having a roommate in a house. When I say buying a house makes more sense I don't mean buying some super expensive house you can barely afford. If you pay 700 a month for a nice apt, but can get a decent house for the same price why piss away the moola for the apt when you can have a house for the same price? I pay 865 a month for my house which is 30 bucks more then what the rent would've cost me to stay in my apt without a roommate. For that 30 bucks more I got 3/4 acre of land, 2 car garage and the freedom of not having anyone tell me what I can or can't do.
Right now if you can get a loan it's a buyers market. Even a rent to own makes more sense. But to each their own.