Reply to Is the delta between renting & owning now so high that it really just makes sense to rent?

Forum Index » Real Estate

Reply to "Is the delta between renting & owning now so high that it really just makes sense to rent?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I live in California. My rent is $1650 for a small one bedroom with no bathtub, no dishwasher and two closets. I can't afford to buy. Anything. At all.

Unless I moved to the middle of nowhere and bought a shack. [/quote]

This would be considered reasonable rent if located in a decent area of DC.[/quote]

I pay $2700 for a one bedroom in downtown DC (I do have a bathtub and a dishwasher, though, and it’s quite spacious).  Also no car and can’t afford a down payment on anything I would want to buy.  But I have a new job that doesn’t tie my to DC, and I’m moving next month so I’ll be able to save!  Good luck to you CA PP — I hope something works out for you.[/quote]

This is so crazy to me.  All throughout my 20s (and my sister did into her 30s) I lived with roommates in not the most desirable areas (but safe) in order to save for a home.  It paid off.

I had friends paying maybe 1700-2500 for a one bedroom apartment (10+ years ago) whereas I was paying $500-$800 for a room in a shared apartment.  Was it ideal?  No, but I saved and invested that money over 10+ years and it paid off.  When I moved in with my now husband we lived in a tiny apartment together and saved a ton of money.  He also commented on how good of a communicator I was and living with a variety of people helps you learn how to better communicate and handle things when living with other people.

I have cousins in their 20s and they all live alone or in these shared luxury apartments!  One cousin lives with 2 friends in this crazy gorgeous apartment in Manhattan and her rent for her one bedroom in the 3 bedroom apartment is around what OP pays for a 1 bedroom!  She saves no money (she is not in finance or tech) and her parents subsidize her income.  They are doing her no favors.  There is no understanding to live a little bit more away in a not fancy apartment and save/ invest your money for the future.

[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics