Reply to Anyone decide to rent instead of buy to maximize other investments ?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Have you determined that the costs of homeownership are too high and decided to rent?  Please provide specifics.

Thank you![/quote]

Considered it when we were in between houses, but considering how much equity we had in our house we sold and how low our mortgage was going to be, I was SHOCKED at how expensive rent was for a family of 4 plus a dog. Going rent a few years ago FAR exceeded our mortgage. Plus the tax hit. The math didnt work out.[/quote]

From the quick math I've done on this every time I've considered it, when you are in the stage where you need a 1-2 bedroom, the math can work out favorably to not buy and instead rent and invest the rest. As soon as you need a 3 bedroom+ -- it seems cheaper to just buy than to rent a large apartment or a house. At least that's what I've found in this area.[/quote]

Yup. We needed a 3 bedroom and 2 parking spaces that allowed dogs and holy hell, I almost fell over at the prices and this was in the burbs! The mortgage on my SFH is half of what I was looking at in rent.[/quote]

+1.  Even for a two bedroom in DC our rent was $3,400 and that was cheap.

Our mortgage is $3,500.  We receive at least $900 each month in a tax break and oaydown now around $1,000 each month.

We’d need to find a place to rent for around $2,000 to make it better to rent and that’s not happening.

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