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To take or not to take out a loan?

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Is it worth borrowing for housing? There is no clear answer to this question. Everyone dreams of own housing, but not everyone can buy an apartment or a house. Many decide to take out a loan for housing and thereby solve this problem. Some are frightened by the fact that for 10 years - 30 years will need to pay a certain amount of money. A friend asked me to advise him. Here are the arguments of Miranda.
"I live alone in a rented apartment and pay $ 1800 every month. There is a guy for whom I want to get married. How should we be? Rent one apartment for two or take a loan for housing and move into your own house?"

If the family budget of Miranda and her husband will allow you to pay a mortgage, it is logical to buy a house on credit. In this case, it is necessary to choose a lender with good conditions for providing money for the purchase of housing. Before entering into a contract, you need to consult a lawyer.

Loan conditions can be different. First of all, it is necessary to…

What is money?

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Wikipedia has an exact answer to this question. "Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context, or is easily converted to such a form. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, sometimes, a standard of deferred payment. Any item or verifiable record that fulfills these functions can be considered as money."
Source:https://en.wikipedia.org/wiki/Money



This definition of money and what is money for us with you? For some, this is the goal of life, for many it is a means of subsistence, but there are people for whom money is not important. Let's look at three categories of people:
money is the goal of lifemoney as a means of subsistencemoney is not needed at all  The first category includes people who have a very large amount of money but, despite their excess, they still need them.…