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Reply to "Anyone decide to rent instead of buy to maximize other investments ?"
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[quote=Anonymous]Nice job on this question OP you framed it right to keep the dopey responses to a minimum. That being said here is my dopey 2 cents: I owned 2 homes but got to that point of "are the costs of home ownership too high" on home 2 and came to the conclusion it was time to sell. Sold it rented a home in the same neighborhood. Savings on the rental was immediate but part of it was the built in savings of renting which for me is: I can easily rent something to live in that I would never buy. I.E "its just a rental" Nearly everyone could probably rent adequate housing and save like this if they really thought about it. I literally moved barely 2 streets away and my rent was half my old mortgage. I could've stayed in that house for at least a few years but the wife grew tired of it so we bought again. I do see where renting can work and keep the costs of a new roof, furnace, kitchen remodel etc across the board to make it worth it.,, but just walk into a place some time and say "its just a rental" you save 10% right there[/quote]
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