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Reply to "Renting and investing vs purchasing a single family home"
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[quote=Anonymous]We owned two homes and now have decided to rent. I was getting claustrophobic and wanted to move. We also wanted to be able to get up and move to a new location if we wanted. We are committed to five years here for the last one to finish high school. We pay about 5% of our income to rent. When we were just starting out we used to pay 50% of our income to mortgage, taxes, everything that comes with buying a house. In NYC there are residents who have only ever rented, low income and high income families. [/quote]
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