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][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?

[/quote]

To each his or her own.  Many people that age live in apartments in other cities.  There is not much at that lower price range that will get you anything special.  Personally, I would recommend sucking it up and trying to find something to buy in Reston, Burke, Centreville, you get the idea.   But others might like renting in DC and what that has to offer.  Truly a whatever, pros and cons to both, in my view.[/quote]

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