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Reply to "house renters: what's your rent and where do you live?"
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[quote=Anonymous]Springfield. 4000 sq ft SFH, 5 bedrooms, 3.5 baths. 1/2 acre lot. Nice neighborhood, but no amenities. Lawn care included. $3150/month. PP, we moved here in 2006. We were smart enough to see the writing on the wall and not buy. Any home we bought would have lost value. Also, as a renter, we are not responsible for upkeep of the house. When the refridgerator died, we called hte owners. It was replaced as soon as the store could deliver it. A tree fell on the house during a major storm last winter; luckily, it did minimal damage, none to the interior of the house. Even with crappy roads, the owners had someoene out the next day to cut it off and start the repairs. My DH changed jobs and we moved in the spring to get closer to work. That home sold for $635k. There is no way we could have paid a mortgage of $635k. Yes, we didn't build any equity. But we didn't risk buying a home at the peak and being underwater. [/quote]
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