<prompt> Human: Sorry, not a mortgage loan, a regular loan meant to buy property. He wants to buy a house to get rid of the rent.He said that by the end of the month all his money is gone, mostly paying rent, and that this is the best thing to do to stop losing money. I disagree. I think he should move to a cheaper place and open a savings account so he wont pay interest.  <response>: If your friend is truly living month to month, he is not ready to be a homeowner and needs to keep being a tenant. 