[mredskins]

Originally Posted by skinsguy

Really the best answer and advice that Dave Ramsey would give to everyone looking to purchase a home. I'm in the same boat right now. I have debt (a bit of credit card debit, student loans, car payment, house payment even though I have found a possible buyer for it,) and have not been able to save for a down payment for trying to pay for a honeymoon and all the trimmings.

We both don't like the idea of renting, especially when renting means spending $800 - $1200 a month. However, we both think it's important to pay off as much debt prior to the purchase of a house as possible. My goal is to at least have the credit card bill and the student loan paid off. I've just purchased my car, so it's going to be awhile before that gets paid off.

We're getting married in October, and I fear I'm going to be completely broke by then...lol!

Honestly renting in this market is not such a bad thing. Especially and I am assuming you are fairly young and don't have kids yet. I am five years into my marriage now and have two kids. We have money saved we know where we want to live and we know what we need size wise. My next house most likely will be my house for the next 20 years. With that said I wish we would have rented the house (we bought when we first married) I own now because it doesn't fit my needs anymore and it has not appreciated one red cent. I will probably keep it and make it a rental property.

Yes back in the day you and your new bride would have bought a "starter" home then after several years of living there you sell and with the appreciation you use that to buy your next house, well that ain't happen now a days. You be better to rent and invest your extra $$$ elsewhere out of the real estate market. Then when you know exactly what you need in a home go buy that house.