See, I currently do not have enough for a down payment. My thought process was to seek for a downpayment amd closing cost assistance program.
You say if you can't afford the repairs, then you shouldn't own a home. There are a lot of new homes being built in Houston. I was looking into a new home. Especially since for one of the programs, the requirement is that the home can't be no more than a year old.
With the assistance program, it would help decrease my mortgage expense. Shaving off about a good $400-500 from what I pay for rent. That difference, I can put aside in savings for when I do have to repair things. I already have renters insurance. I imagine that going up a lil put but not much. And standard bills that I already paying: electricity, cable, water, etc.
So, I think you can own a home, you just have to have a plan. I don't make haste decisions. I always plan first. Planning is always key no matter what you do.