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Reply to "Validate my view that long-term renting is a valid lifestyle choice"
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[quote=Anonymous]Read your post again and all you wan we really have for about $1000 less. The only difference is the location in the city. You must be living very close to work and that's the $1000. Our HOAs on a huge 1-bedroom (in NW 980-1045 sq ft) are about $830-$900 a month. That's a lot, I'll give you that, but with mortgage and taxes, it totals what it would rent for. Renovations? The place needs to be renovated less often than a rental. You are the one taking care of your place vs renters. I have lived in a house and don't really care for it either. Rent away, but you can't make it sound like you have something that you can't have in a condo. We have several families in the building who let their kids and grand-kids live at their places when they go south for winter. For relatives, nobody needs to ask permission to sub. We also haven't hit the rental cap some condos impose since most people buy for living here and not for renting it out.[/quote]
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