Reply to Question for renters..Aren't you tired of paying someone's mortgage?

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[quote=Anonymous][quote=Anonymous]Do you forever renters worry at all about the future? I can't imagine going into retirement without a paid roof over my head. You think rents are high now - what do you think they will be in a few decades?[/quote]

Well, my grandma's house was paid off, but eventually it got to a point where she couldn't take care of it.  So she sold and rented something smaller!  Not in this area though.  I know that I for one am not planning to retire here, and there are plenty of places out there where rents are cheaper.

We bought last year, but in our mid-30s.  It took a while to save for the down-payment, and I don't think anyone should buy before they're financially on solid footing.  The foreclosure crisis was a good reminder of that.  Also, this area can be so transient.  Some friends of ours continued to rent for years after they could have bought, because they always had an eye on moving back to the west coast when the right job opportunity came up.  Renting gives you the freedom to pack up and go.[/quote]

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