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- Apr 27, 2014
Those of you who made one choice over the other, what made you decide to rent a spot vs buying a crib outright or vice/versa?
I need to find a new spot but tired of being at the mercy of landlords and arbitrary rent hikes. On the other hand rent is a fixed expenditure and there is ideally no maintenance overhead.
I'd like to own my own **** but mortgage interest rates and property insurance have exploded. There are also maintenance costs and HOA fees. The way these costs seem to work out you could live in a solid 2/2 as a renter for maybe 1/2 to 2/3rds of what you'd be paying monthly if you'd bought it - without mentioning a down payment or closing costs. I think. Please correct me if I'm wrong on that.
I WFH so not necessarily worried about being locked into a specific area/job market although that is a valid drawback. Single w/ no kids. Had a friend with a kid tell me I was crazy for thinking about buying; if she was single and no kid she'd rent rent rent. Is this fax?
I need to find a new spot but tired of being at the mercy of landlords and arbitrary rent hikes. On the other hand rent is a fixed expenditure and there is ideally no maintenance overhead.
I'd like to own my own **** but mortgage interest rates and property insurance have exploded. There are also maintenance costs and HOA fees. The way these costs seem to work out you could live in a solid 2/2 as a renter for maybe 1/2 to 2/3rds of what you'd be paying monthly if you'd bought it - without mentioning a down payment or closing costs. I think. Please correct me if I'm wrong on that.
I WFH so not necessarily worried about being locked into a specific area/job market although that is a valid drawback. Single w/ no kids. Had a friend with a kid tell me I was crazy for thinking about buying; if she was single and no kid she'd rent rent rent. Is this fax?