[KBLieb]

instead of a mortgage? I am a 25 year old registered nurse looking to buy my first house. Seems like I'm destined to spend a few more years in Milwaukee, so I would like to invest in a cheap house in an urban neighborhood. I would much rather buy with a simple personal loan ($16000) than pay 2x what the house is worth going the mortgage route. I could pay the house off in 5 years easily, and still be able to start saving a lot of money. House prices are quite decent in the city, and I am currently looking into a 3 bedroom 1.5 bath brick bungalow a few blocks from a hospital, $1800 yearly property taxes. Monthly Financial Stats-$2400 net income-$100 student loans-no credit card or other debs-740 credit score-$2000 savings (might be able to borrow a little from family if need be)Thanks for any advice!I haven't been able to save much money at all from the hassles of renting, I'm not looking to make money on this house (which is assessed at $80,000 currently), I am just looking to stop throwing my money away to some land lady. I'd like a place to call my own, a yard to let a dog run around in, put some nails in the wall and hang up the pictures, feel like I have privacy, stop hearing my neighbors below me blast music and the kids above doing jumping jacks. I don't enjoy renting. I'm not asking if I SHOULD buy a house, I'm just asking if I COULD. I will be weighing pros and cons very seriously, and thank you for the advice.-I did not drop a zero, there are over 167 houses in Milwaukee selling for $20,000 or less, I personally think this one is tops. This economy DOES suck, which is why I do want to capitalize on people selling cheap now. And what's wrong with the neighborhood? Nothing unless you are racist or crime-phobic. I have been neither for a few years now, I work with the neighborhood I'm trying to move to.

[Bill O'Reilly]

Just rent a room and save up until your like 30. Our economy is still really bad and could get worst in a couple of years so be prepared