Reply to Do you know people who have money but aren't buying a home?

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[quote=Anonymous][quote=Anonymous]I rent.  We make $250,000, so we are doing OK. We are in our late 40s and have owned before.

We've rented the same house now for 9 years.   I didn't know the area when I got the job, and we decided to rent before we figured out where we wanted to buy.  And we "still" don't know where we'd like to live "permanently."

I've saved like crazy instead of putting money into home repairs, and that is a nice feeling.  I've done the home repair route before, when I didn't have much disposable income.  Not fun.  So maybe i'm a little unreasonably gun shy on that point.

We will likely buy a single family home in a beach community when we retire, which is FAR cheaper than this area.   I'll buy new, one level, and get old there comfortably.  [/quote]

Very similar. Although we own 2 homes but not in the DC area. We are renting in the DC area for the foreseeable future. The two homes we own are rented out, which brings us additional income and we'll retire in one of them.

OP, mind your business.[/quote]

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