Are you buying or renting? (apartment, to rent, insurance)

[bobsmith]

I was just curious how many of us live in places we own or are just renting?

I'm renting.

[scottrpriester]

We rent..........we hear it all the time, "blah blah blah, you should invest in a home".

We love to live a carefree lifestyle. My wife has a great career and has the usual Monday through Friday hours, while I have a very strange work schedule, so our time together is extra precious. We love to travel for pleasure and like to just pick up and go. Plus another good example....yesterday she sent me a text saying that the sewer had backed up.................................not our problem. We've had other problems in our year here and it's so nice to know that it's someone elses problem and expense.

[sharris]

Buying is the only way too go. Why pay the landlords mortgage? Love the tax benefits

[go phillies]

Originally Posted by scottrpriester

We rent..........we hear it all the time, "blah blah blah, you should invest in a home".

We love to live a carefree lifestyle. My wife has a great career and has the usual Monday through Friday hours, while I have a very strange work schedule, so our time together is extra precious. We love to travel for pleasure and like to just pick up and go. Plus another good example....yesterday she sent me a text saying that the sewer had backed up.................................not our problem. We've had other problems in our year here and it's so nice to know that it's someone elses problem and expense.

Sure, but your rent will keep going up, my mortgage payment will always be the same, plus my mortgage payment is an investment in something that I own and will make money on at some point. Your rent payment is doing this for your landlord. My mortgage payment for my house that I bought 6 years ago is already lower than what I would pay to rent a small apartment today.

[pinetar10]

Where I live, it is cheaper for me to buy than to rent. Last year, I bought a nice ranch house and my monthly payment for mortgage, taxes and insurance is $632. The rent alone on a similar house would be about $800.

[PhotoMatt]

I'm with Scott.. I like renting.. if something breaks I call the owner.. no lawn work, no maintenance, no raking leaves. i can pick up and leave with a couple months notice. Home is where the heart is.. not the "investment".

[bobsmith]

I rent currently, but I'll try to buy once I have an income level that allows be to do so.

[scottrpriester]

Originally Posted by PhotoMatt

I'm with Scott.. I like renting.. if something breaks I call the owner.. no lawn work, no maintenance, no raking leaves. i can pick up and leave with a couple months notice. Home is where the heart is.. not the "investment".

We have a beautiful apartment, but one of my goals in life is to see as much of the world as possible, so I could care less about investing hundreds of thousands of dollars in to some castle.

[BackToTheCityMouse]

I am buying, but would really like to be selling soon. I want to downsize -- the townhouse I have now (2-3 bedrooms, 3.5 bathrooms) is just way too big for one person.