Getting rid of the "renters" mentality

First let me start off by explaining what I mean by "renters" mentality. Some people dont think they deserve or can afford a piece of the American dream. They dont understand the benefits of owning their own home or that in most cases a mortgage payment is lower than rent nor do they see the investment aspect of home ownership. They like the idea that if something goes wrong they can just call the landlord to come fix it. The word rent has two different meanings, if your the landlord rent means income for the renter it means a payment. Landlords get paid, renters do the paying. A renters menatality is real and for some people they just cant get rid of it. We all know someone who has paid rent for years then purchased a home. Usually in the first year your able to see if their mentality has changed from renter to owner or if it stayed the same. If it changed they will remain in their home for years to come. If they still have the renters mentality they will loose the home to foreclosure and begin renting again. For some reason victims of the renters mentality can pay rent on time month after month but theres something about a mortgage that makes it hard to make timely monthly payments.

How do we get rid of the renters mentality?

I found that educating renters on the benefits of home ownership is the best way to cure this defect. There has never been a better time to buy a home than right now. Home prices are the lowest they have ever been and the choices are plentiful. If you buy a home right now for $65,000 your monthly payment would be approximately $470 and that includes taxes and insurance. If you live in the home for the next 10 years history shows that you would be able to sell your home for $110,000 or more. Thats a profit of $45,000 for just living and enjoying life in your own beautiflu home. If you were paying that same amount of $470 a month in rent over that same 10 year period you would have paid $56,400 and have nothing to show for it. Just knowing that should make a renter look at purchasing their own home. I hope this has inspired someone to become a homeowner, good luck and God bless.