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Reply to "Do you know people who have money but aren't buying a home?"
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[quote=Anonymous]I know a couple of families who lost so many bidding wars for homes that they finally just gave up and rented, and then settled in and just kept renting. I live in Arlington. If I had to choose between renting in Arlington or buying way further out, I can see choosing the rental option to avoid commuting. I did the FFX to DC commute for 12 years and it started to suck once I had kids; the daycare dropoff and pickup were the straw that broke the camel's back. I have more of an owner mentality, though - I like to be in one stable place for a long, long time. I like to be able to make whatever changes I want. I like knowing that nobody can evict me unless I don't pay my bills. A few of my friends have been shocked when their rentals weren't as long term as they hoped, but that's kind of the risk of renting - you have less control over how long you stay.[/quote]
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