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Reply to "Validate my view that long-term renting is a valid lifestyle choice"
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[quote=Anonymous]When you rent all the upside on the the investment goes to the property owner. That's the way it should be since the owner is taking all the risk. If the market is hot you'll see your rents go up. If it is cool you won't see rent go down nearly as quickly because it is costly to you to move out of the unit. By renting you're leaving yourself unhedged against changes and property prices including in your ultimate next home, whether here or elsewhere. You seem happy with what you're doing so keep it up but just be aware of the risk you're taking regards future housing prices and the fact that by renting your dodging the forced Savings of a mortgage. [/quote]
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