Reply to Validate my view that long-term renting is a valid lifestyle choice

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[quote=Anonymous][quote=Anonymous]In the same boat. 37 and haven't bought yet. Lived in NYC for 10 yrs -- where renting esp in midtown Manhattan is super common. Moved here 2 yrs ago and started renting bc I didn't know the area enough to buy right away. Now I'm like -- eh should I buy, I don't want to live here really??

But I feel like people here look down on renters A LOT more than in NYC. I get plenty of "poor you" type of comments along with "oh but I'm sure you saved up a down payment in all those yrs in private practice, why not buy?" along with snide insinuations that I can't afford it.

IDK -- I've maxed out the 401k to 18k (or whatever the yearly IRS max was each yr) since age 25; and have built up an almost similar amount non retirement investments. So I don't get why people assume every renter is paycheck to paycheck and can't scramble together a down payment.[/quote]

Almost identical story here. Honestly I'm seriously considering continuing renting for my own conveniences, flexibility to move back to NYC etc. While also buying myself an investment property that I'd rent out. Not sure about it yet but it seems like it could work -- equity would be built, just not by my commitment of having to live there/commute from there etc. (and yes I'd be willing to pay a % to a property manager bc I surely can't come fix your leaky faucet etc. -- so while I'd be limiting my return to an extent, there would still be an equity build up). Anyone done this?[/quote]

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