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Real Estate
Reply to "Question for renters..Aren't you tired of paying someone's mortgage?"
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[quote=Anonymous][quote=Anonymous]Just curious. Especially with the cost of rent in most DC rentals hovering around 3K a month, what is the motivation for not putting that same money into your own homeownership? I'm in my 40's, & bought my first property in my 20's when I started to feel like I was throwing money away, or putting it in someone else's pocket. I have had the same renters now for a number of years, & t[b]hey are essentially paying my bills[/b]. This isnt meant to be snobbish or argumentative, but just curious, especially with such high rent these days.[/quote] In return they are getting a place to live where they are off the hook for unforeseen costs. The headaches of home ownership are not everyone's cup of tea. If they are like me, they are living in an area they can't afford to buy, and so getting better amenities/neighborhood than they would otherwise. [/quote]
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