Is buying a home a good idea? What are the perks and risks?

home ownership is a scam

>>2770351
>perks
idk, having somewhere to live? lmao idiot

>risks
House could burn down because your amazing faggotry ignites the drapes

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I'm 20 and I have the opportunity to get a $50k house. My circumstances are kind of unique In that my mother owns the house. She has a mortgage on the house that she pays off by renting the house she doesn't live in it. She agreed that she would let me keep the house if I took on the payment of like $300 a month which is nothing to me. I could have this home paid off by my 30s
Thoughts? Does this sound like a good idea

>>2770351
perks - you own the home
risks - forget where you live and lose home forever

>>2770397
What does the average house cost in your area?

>perks
upgrade and sell/rent for more muns
>risks
shit gets fucked and you have to fix it, eating your muns

and the ever notorious "i was a retard and mortgaged my house so now the bank owns all my muns"

>>2770416
It's a small town in NC a nice 4 bedroom 2 bath seem to go for more then 100k. The house a 3 bedroom 1 bath house in a nice'ish neighborhood it's not a super nice house but it's not terribly ugly either

>>2770466
The housing market is overvalued but your price is low at $50K you should be safe. If you can come up with the $300/mo. go for it. It's either the house or paying rent and have to move around.

$50K up here can't even get me a studio apartment.