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][quote=Anonymous][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]

Sounds like dumb landlords.  I increase the rent in my rental property each year by $100.  I know it won't cause them to move out because it would be more expensive to hire movers and put down another security deposit.  [/quote]

God you sound like an ass.[/quote]

Nope.  I consider it a side business and I have a mortgage that needs to be paid off.  I plan for the rental property to pay for my travel when I'm retired.  It's nothing personal but I can't have someone living in my property for a below market rate.  [/quote]

I don't think you're an ass, and no, I'm not a fellow landlord.

If I were the landlord, I would also raise the rent, at the very least at the rate of inflation or just 1% more.  No way in hell would I let a renter reap the benefit of my fixed mortgage.  [b]Unless they're really awesome and maintaining the property like it's their own property..[/b][/quote]

This is us.  We take great care of the place.  Our landlords appreciate all that we do.  It's symbiotic.[/quote]

Maybe your landlord doesn't have a mortgage.  [/quote]

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