Reply to Do you know people who have money but aren't buying a home?

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Reply to "Do you know people who have money but aren't buying a home?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We rent, by choice.  [b]We have great landlords, have been in the same place for 10 years, love our community.  Our housing is a fixed cost and we save a ton [/b]of money every month - way over any equity, appreciation, or deductions we would be getting by buying.  We plan to pay cash for a house in retirement, but not here.  I work in finance-related field and often have people asking me why we've chosen this route - I have found that no one really ever runs the actual numbers to see what makes sense.  There's all kinds of kool-aid out there, and you most likely are drinking a lot of it if you are puzzled about why someone with means would choose to rent. [/quote]

This is not a normal situation for a renter.   In fact, having your rent not go up for 10 years is a VERY UNUSUAL situation. Many renters end up moving out of places they love because they can't afford the rent anymore.

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Not pp, but we rent a SFH and our rent has been unchanged in the 7 years we've been in the home. I would not rent from a homeowner who raised the rent every year. I'm paying down your mortgage and you have a stable long-term renter. Don't rock the boat being greedy.  [/quote]

Exactly.  My landlords know that having us stay is preferable to turning the property over every few years.  They save money by not raising the rent.  Seems like some landlords need to run the numbers as well.[/quote]

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