In your opinion, is it better to own your home or rent?

Do the math---- If you pay rent for 20 years at $1,000 a month you will have spent $240,000.00. You will never see that money again. However if you make a house payment of $1,000.00 a month for 20 years you will have paid the sme amount but you will own the house if you have a twenty yr. mortage. You might will able to sell the house for more than you paid.

I purchased a beat up run down house in California 25 years ago for $13,500.00 I put in a swimming pool, remodeled the house, the house was close to the beach,walking distance, I sold the house for $355,000.00 after 18 years.

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Start looking for debt consolidation programs that are not scams. You could selll your house and buy a cheaper house and pocket some money if you really do havef any equity... In some states very few people have equity.

You may be able to refinance your mortgage to lower principle as some programs are starting to come out... You may want to also explore bankruptcy alternativese with someone that knows how to renegotiate within bankruptcy - not all of the lawyers do>

Owning a home is best, you are in control of what you can and cannot do there and if you can have pets, guest and more and how you fix your home too, something I would not give up. You should go to Consumer Credit Counseling a non-profit agency who would add up all your debts and you would pay them in only one payment weekly or biweekly or monthly depending on how you are paid. They help you to get out of debt. It is a excellent way to become debt free. Look for them in your area. Best Wishes.

Rent-To-Own Home - http://renttoownhome.uzaev.com/?Ipwf

Apparently you are living above your means. You should sell

People who are financially astute realize owning your own home is investing in their future.