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Real Estate
Reply to "Question for renters..Aren't you tired of paying someone's mortgage?"
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[quote=Anonymous]Some friends who own don't understand why I rent but I pay about $5500 per month for a really truly gorgeous place that would cost me at least $8k per month to purchase. I do it because I love renting and see no need to live in something sub-par. I used to own a house but if I have my way, and I believe I will, I'll never buy again. I plan to rent this place for another year and then move to Rio for about 3 months before I head to Los Angeles. After that who knows. I have no desire to be tied to one place, or think about maintenance. The day before Mother's Day my oven went out in the middle of me making a meal. I called my landlord's property manager and in less than 2 hours the maintenance guy was here fixing the problem. Obviously some people really like owning. Fine. Keep doing it. I pay a premium for my peace of mind. I invest my money in things other than real estate.[/quote]
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