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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We rent, by choice.  We have great landlords, have been in the same place for 10 years, love our community.  Our housing is a fixed cost and we save a ton of money every month - way over any equity, appreciation, or deductions we would be getting by buying.  We plan to pay cash for a house in retirement, but not here.  I work in finance-related field and often have people asking me why we've chosen this route - I have found that no one really ever runs the actual numbers to see what makes sense.  There's all kinds of kool-aid out there, and you most likely are drinking a lot of it if you are puzzled about why someone with means would choose to rent. [/quote]

This is me too. Mid 30s. Lots of time spent running the numbers and for me - renting is it.[/quote]
+10000000

I can afford to buy I CHOOSE not to. I have saved up so much. [b]Have you seen the cost of the crappy houses around the D.C area?[/b] Not worth it! The $700k to 1 million dollar homes look like $100k-$300k houses in the South. No thanks. I'm saving my money and do what ever I want. The landlord takes cares of all home repairs. My rent stays the same and utilities. [/quote]

This comment really bothers me.

There are nice houses in the DC area that are not in the 500K+ bracket, but one has to look for it.

I have seen people that are in their 50's and beyond live in apartments, does the OP want to bust those chops too?

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