Reply to What if we just rent for the long haul...

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[quote=Anonymous][quote=Anonymous][quote]Buying makes sense from putting down roots, customizing the home,[quote] buying in a neighborhood where there are no rentals,[/quote] [b]securing access to some target in boundary school[/b]. It does not, in many cases, make sense from a making money standpoint.

You are betting on the local real estate market beating the stock market. Doubling your money in 10 years is 7% annual growth. Yes yes i know taxes etc but its easier said than done to find a house thats literally doubled in ten years. Some markets have this, yes. But most markets are not like this.[/quote]

There are rentals in many neighborhoods because people don't want to sell their 2.5% mortgage homes. In good school areas. Our neighborhood has homes that do not go for less than 750K (many around 1M if fixed up). The schools are top notch. We have 20% rentals in here. Some of them are just people who kept an estate house as a rental and some are people who are gone for 3 years on a military hitch, but "might" come back. Either way there are rentals to be had. [/quote]

Where I live renting a single family home in a top school district runs $6500-$7000. Rentals are hard to find and the owners unload the house within a couple of years. It’s a major headache.

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