I wouldn’t Buy Land on Mortgage With An Intention of Developing Later If I was still Paying Rent

Yes i would not buy land on loan and i am still paying rent. This is because paying rent and repaying a loan for land unnecessarily increases your total expenditure of housing to income. What is the golden rule for housing expenditure to income? Find out at.. http://kenyahousinginfo.com/2013/06/04/i-wouldnt-buy-land-on-mortgage-with-an-intention-of-developing-later-if-i-was-still-paying-rent/

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About georgeadulu

I discovered my passion is in housing and nothing gives me more pleasure than seeing housing dreams come true for the ordinary people.
This entry was posted in Home Ownership, Mortgage Finance and tagged , , , , . Bookmark the permalink.

12 Responses to I wouldn’t Buy Land on Mortgage With An Intention of Developing Later If I was still Paying Rent

  1. joash onguko says:

    This is the dilemma many middle income earners face. They end up tying themselves onto more loans or sell the land thus defeating the first objective . Kudos for the insight.

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  3. MMK says:

    So what would be the solution in his case? What options does he have of achieving his dream of owning his own house?

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