Me and fiance were debating on whether to rent vs Buy. I live in HCOL (Toronto) and the average house prices are reaching a million nearer to downtown. I would love to own a house one day but getting a house on mortgage on interest is out of the question for me.
She believes that to futureproof ourselves, the price of housing will only go higher but if we get a house at least that price we pay monthly will be stagnant which is a fair point.
I was looking at the so called halal mortgage options as well but I have no idea how halal they actually are.
What are you're thoughts on this? I'm open to hearing out both sides and I'd like to keep an open mind as long as it's in line with Islamic values.
Has anyone gone through a similar dilemma?
EDIT: this is a crosspost from /muslimmarriage. Thought there would be more discussion on this in this subreddit
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from Islam http://bit.ly/2FZnt1W
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