- 8,916
- 472
I'll keep buying homes. You keep renting them from me. Deal? Deal.
Rent Forever, Donât Buy A Home
- Thread in 'General' Thread starter Started by DCAllAfrican,
- Start date
- 8,916
- 472
I'll keep buying homes. You keep renting them from me. Deal? Deal.
- 13,656
- 1,083
If you need a renter to help you pay the mortgage then you're doing it wrong.If you have multiple properties and that's your businessthen fine; it's a diff story.
Who said they need a renter?
They are supposed to leave the house uninhabited,. They move and rent out their crib. It's flexibility, most of the time they rent out to family members or friends.
- 13,656
- 1,083
If you need a renter to help you pay the mortgage then you're doing it wrong.If you have multiple properties and that's your businessthen fine; it's a diff story.
Who said they need a renter?
They are supposed to leave the house uninhabited,. They move and rent out their crib. It's flexibility, most of the time they rent out to family members or friends.
- 160,549
- 142,215
Speak up. Don't just come in and make statements like that. Not really contributing to the thread. I am interested in hearing everyone's opinion on the topic.
- 160,549
- 142,215
Speak up. Don't just come in and make statements like that. Not really contributing to the thread. I am interested in hearing everyone's opinion on the topic.
- 13,656
- 1,083
Bottom line.
Owning multiple properties is a risk. I know someone that owned 10 homes during the boom and busted on 9 of them, all he has is the one he lives in.
- 13,656
- 1,083
Bottom line.
Owning multiple properties is a risk. I know someone that owned 10 homes during the boom and busted on 9 of them, all he has is the one he lives in.
- 5,485
- 14
Who said they need a renter?
They are supposed to leave the house uninhabited,
- 5,485
- 14
Who said they need a renter?
They are supposed to leave the house uninhabited,
- 10,459
- 8,935
even when you own the title to a property, you still have to pay property taxes. So in america when you own ur property, you still are paying for. Home ownership imo is just another form of glorified renting in america
- 10,459
- 8,935
even when you own the title to a property, you still have to pay property taxes. So in america when you own ur property, you still are paying for. Home ownership imo is just another form of glorified renting in america
- 4,469
- 11
Ive been thinking bout this. Ive gone to 12 different schools now, so its clear Ive moved around a lot, and honestly I only think I'll be moving around even more as I get older, at least I somewhat hope so. It wouldn't make sense for me to buy a house to live in. I guess I've kinda figured the first time I buy a property it'll be more of a vacation spot (maybe back home?) and it'll have to be straight cash. Half the reason I even think about it would be so my fam could use it most of the year if they wanted to.
- 5,485
- 14
You're talking about running a residential property business. That's not what the article is talking about.
In order to run a residential property business you need to #%@!#@! own residential property. Thanks for pointing that out.
- 5,485
- 14
You're talking about running a residential property business. That's not what the article is talking about.
In order to run a residential property business you need to #%@!#@! own residential property. Thanks for pointing that out.
- 4,469
- 11
Ive been thinking bout this. Ive gone to 12 different schools now, so its clear Ive moved around a lot, and honestly I only think I'll be moving around even more as I get older, at least I somewhat hope so. It wouldn't make sense for me to buy a house to live in. I guess I've kinda figured the first time I buy a property it'll be more of a vacation spot (maybe back home?) and it'll have to be straight cash. Half the reason I even think about it would be so my fam could use it most of the year if they wanted to.
- 18,373
- 33,982
6 or 7 years ago all the experts were saying you should buy a home and that renting was stupid.
Here's the reality, of this and every other financial thing in life: there are no hard and fast rules for what to do. It depends on your situation and it depends on the market/future (some of which you can try to be smart about but most of which is completely random unless you have insider information).
Here's the reality, of this and every other financial thing in life: there are no hard and fast rules for what to do. It depends on your situation and it depends on the market/future (some of which you can try to be smart about but most of which is completely random unless you have insider information).
- 160,549
- 142,215
You teach or something? Why do you move around so much. You in COllege?
- 160,549
- 142,215
You teach or something? Why do you move around so much. You in COllege?
- 18,373
- 33,982
6 or 7 years ago all the experts were saying you should buy a home and that renting was stupid.
Here's the reality, of this and every other financial thing in life: there are no hard and fast rules for what to do. It depends on your situation and it depends on the market/future (some of which you can try to be smart about but most of which is completely random unless you have insider information).
Here's the reality, of this and every other financial thing in life: there are no hard and fast rules for what to do. It depends on your situation and it depends on the market/future (some of which you can try to be smart about but most of which is completely random unless you have insider information).
- 10,363
- 33
*Takes notes*
- 8,230
- 704
P4L
- 10,363
- 33
*Takes notes*
- 8,230
- 704
P4L
- 6,202
- 12
This is absolutely the worst advice I have ever witnessed.
My concepts may be a little varied because I live in Canada.
Owning a property is he best investment you can make. It's roughly 5% COMPOUNDED growth in my area and often jumps up much higher, but has never fell close to 5% in a year.
you will never be able to fully make the space yours. Every apartment I've lived in I wanted to change things to suit my lifestyle better and it wasn't going to go down. You have complete freedom when you own.
DC...
A form of debt? Rent is viewed as a form of debt/expense to lenders. $1000 a month to mortgage or to rent is still $1000 to have a place to live. However, the space you rent has absolutely no 'asset worth' to you.
My concepts may be a little varied because I live in Canada.
Owning a property is he best investment you can make. It's roughly 5% COMPOUNDED growth in my area and often jumps up much higher, but has never fell close to 5% in a year.
you will never be able to fully make the space yours. Every apartment I've lived in I wanted to change things to suit my lifestyle better and it wasn't going to go down. You have complete freedom when you own.
DC...
A form of debt? Rent is viewed as a form of debt/expense to lenders. $1000 a month to mortgage or to rent is still $1000 to have a place to live. However, the space you rent has absolutely no 'asset worth' to you.
