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

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[quote=Anonymous][quote=Anonymous]After owning property for almost a decade, I sold my home and moved into the city. I'm now paying almost $3000 a month for a shoebox in a full-service luxury building. At first it was going to be just a stepping stone until I decided what I wanted to do with the next stage of my life, but I've discovered that I LOVE this lifestyle.[b] No more yard work. No more appliance repairs. No more replacements and renovations. No more responsibility for maintenance of any type. [/b]Problem with the plumbing? Put in a maintenance request in the morning, have it fixed by the time I return from work. Want a workout? Take the elevator to the gym instead of working up the willpower to drive to one. Drop dry cleaning off at the front desk in the morning, pick it up in the evening. Never have to worry about packages being stolen off my porch. Pool, dog services, 24-hour concierge...I can go on and on about the conveniences that I use and love.

So now I'm thinking that I want to rent in a building like this for the foreseeable future. The rent is sky high and will only climb, and I can't get the voices out of my head that renting is throwing away money. Even though I've experienced firsthand just how expensive owning can be, and knowing that I hated being a homeowner. I know an alternative is to buy a condo in a full-service building, but I'd ultimately end up paying as much or more as rent with $1000+ condo fees and relatively little equity gain, and be on the hook once again for appliances, renovations, etc.

I just want someone to validate that it's okay to choose a preferred lifestyle as a renter over raw finances when it comes to housing. [/quote]

I get what you are saying about the gym, dry cleaner, etc. but the bolded items just really don’t come up that often, even in our 25 yo house. We need a repair person maybe 1x a year if that. Full service lawn service is actually very reasonable.[/quote]

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