Is it wise to get my own place with a salary of 50K? I am single by the way and no kids.?
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Yes! Buy a home or a condo. It's always a good idea to invest in real estate! You have the salary to maintain a decent place, and it's a great investment for your future...you never know when you might get married, right?
Sure why not? Your smart too.
i assume your renting? or living in a family home? buying a house has a major advantage over renting as instead of paying som1elses morgage u are paying ur own and developing equity. in the current market its also a gr8 investment. one things to remember is there are many costs involved (getting a survay etc) so save up some money first.
It depends on where you live and the cost of housing. For example, nearly identical 3 bedroom, 2 bath houses cost about $110,000 where I live, but $800,000 around my friend in New Jersey. Rent is similarly skewed.
Yes, do it now while your young. If you ever get ready to move you can always either sell or rent it out to someone else. But do it. It is better to pay rent to yourself than to pay rent to someone else. I am buying my own place and I olny make 15K, and I have peace of mind knowing that one day this place will be all mine.
make sure that you aren't a transit person if not sure
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