f you already own your home, avoid the temptation of equity loans. The idea behind home ownership is that you’re not throwing money away on rent each month and after a certain time period, the property is paid for and you have less living expenThere is a huge problem I see with homeowners. Foolish spending breeds more foolish spending and before long, home equity loans have hard working folks in a major bind.

Before you find that starter house that’s probably not as nice as the one you’re living in, here is a list of reasons not to own a home that you may not be aware of.

1. NO property taxes to pay on your rental
2. Virtually no upkeep
3. Easier to relocate if you decide to move
4. No expensive remodeling projects
5. No home equity lines of credit to pay back
6. You save interest charges
7. If you don’t like your neighbors, you can move faster
8. No worries about property value declining

I suggest putting your money in a better investment instead of a house. Fifty dollars a month or more in a mutual fund, although better investments are available, you can purchase a better home in cash with money left over and you save years of interest. If you already own your home, avoid the temptation of equity loans. The idea behind home ownership is that you’re not throwing money away on rent each month and after a certain time period, the property is paid for and you have less living expen

one you’re living in, here is a list of reasons not to own a home that you may not be aware of.

1. NO property taxes to pay on your rental
2. Virtually no upkeep
3. Easier to relocate if you decide to move
4. No expensive remodeling projects
5. No home equity lines of credit to pay back
6. You save interest charges
7. If you don’t like your neighbors, you can move faster
8. No worries about property value declining

I suggest putting your money in a better investment instead of a house. Fifty dollars a month or more in a mutual fund, although better investments are available, you can purchase a better home in cash with money left over and you save years of interest. If you already own your home, avoid the temptation of equity loans. The idea behind home ownership is that you’re not throwing money away on rent each month and after a certain time period, the property is paid for and you have less living expen

ive remodeling projects
5. No home equity lines of credit to pay back
6. You save interest charges
7. If you don’t like your neighbors, you can move faster
8. No worries about property value declining

I suggest putting your money in a better investment instead of a house. Fifty dollars a month or more in a mutual fund, although better investments are available, you can purchase a better home in cash with money left over and you save years of interest. If you already own your home, avoid the temptation of equity loans. The idea behind home ownership is that you’re not throwing money away on rent each month and after a certain time period, the property is paid for and you have less living expen

ting your money in a better investment instead of a house. Fifty dollars a month or more in a mutual fund, although better investments are available, you can purchase a better home in cash with money left over and you save years of interest. If you already own your home, avoid the temptation of equity loans. The idea behind home ownership is that you’re not throwing money away on rent each month and after a certain time period, the property is paid for and you have less living expenf you already own your home, avoid the temptation of equity loans. The idea behind home ownership is that you’re not throwing money away on rent each month and after a certain time period, the property is paid for and you have less living expenses for when you’re older.

Let compound interest work for you, not against you. Set up an automatic payment from your checking or savings into a good investment and watch the money grow. When we get older, we tend to change our minds about a lot of things. Our likes and dislikes change. By waiting to buy, you save money on old style preferences and spend it on new ones.