The only regret is: Had I bought this house 3 years ago, I could have put $36,000 of the rent money into the house. But then again the interest rate 3 years ago was not as low as it is right now…
Thanks for all of you who put in your two cents.
My two cents: (if you live in Canada)
1) See if you can afford not only buying a house but also living in one. check the MSN sit of canada (now affilated with sympatio) http://houseandhome.sympatico.msn.ca/Home/
2) “No downpayment” program is going to cost you plenty in a long run. So if you can, save up your 5% or 10% for down payment.
3) Unles you are fathered,mothered or married to a real estate, don’t do it yourself. Get yourself a real estate. It’s free!
4) look at least 25 houses before you decide. Don’t just see the pictures at mls.ca but arrange with your real estate and check the houses out.
5) pay up some money and have the house inspected. If you live in Ontario – the final damage for inspecting a house ranges from $300 to $350
Good Luck!