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

Forum Index » Real Estate

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

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]Because we made $50,000 in about 5 years after selling our last house.

Because rent continues to go up with inflation, while our mortgage says the same.

Yes, some houses are bad buys if you need to sell quickly. But if you’re going to be putting down roots, buying offers some big advantages.[/quote]

Except the PITI goes up, esp in the high-tax jurisdictions around here (e.g. Ffx County).

I wish I were a renter, honestly. I’m a single parent and the house maintenance never ends. And I don’t have a fixer-upper either. It’s always some thing. A broken appliance, something needs updating/maintenance, landscaping, it never ends.

The only positive I have from renting is the stability it provides my young child. Especially now that she is in younger elementary. And yes, equity I guess. But it’s really hard to see that when I have more than 25 years left on my mortgage, and the taxes keep going up.

I’d love to sell and buy something smaller. But I’m stuck with the interest rates.

And please don’t ask me why I bought a bigger house and I need. I had a family tragedy and our family size decreased. We thought we would be a family of three going on four forever. The universe had other plans.
[/quote]

I am so sorry. I hope interest rates calm down so you can trade into something more comfortable for you. For us, a newer townhome with a DCUM-dreaded HOA was perfect. Little maintenance, but without the instability of rent. Best wishes for you and your child.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics