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Step 1: Define the need.
I need a new house. I cannot stay at my parents' house forever
Step 2: List Options for meeting that need
what are your options so far?
either to buy a house, or to rent a house
Buying a house:Advantages:-Possibility of rent income-long term investment-ownership/ decoration of your choiceDisadvantages:-Requires more money-Maintanence
Step 3: Compare the options you have identified.
Renting a house:Advantages:-Less expensive-No maintanenceDisadvantage:-No tax benefits-Not your propertyLimitations on decorations
Step 4: Make a decision
so what are you going to choose?
I think I am going to buy a house because it is going to be a long term investment
Step 5: Take action based on your decision
okay, lets go look at some houses to see which one you want to buy
Step 6: Reevaluate your decision.
omg, this is actually my house ! It is so beautiful
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