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Old 01-27-2018, 09:29 AM
 
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
22,606 posts, read 39,974,527 times
Reputation: 23749

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very few seniors in housing co-ops?

1) This can be a reasonable alternative to renting or owning (a SFR)

Alternative RE investments?

2) NNN or a land lease is a very low 'management' obligation / and inflation protected way to own some RE, and spin off enough cash to cover your rental (wherever you would like / need to rent).
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Old 01-27-2018, 10:10 AM
 
Location: Tennessee
34,691 posts, read 33,700,331 times
Reputation: 51915
Quote:
Originally Posted by marino760 View Post
Renting leaves you vulnerable to being kicked out at the whim of whoever owns the house you're in or apartment. When your lease is over all they need to do is give you a 30 day notice and you are forced to move. To me, that's like having a dark cloud hanging over me. I HATE moving and with my own house, I can do with it what I please. I will never get a 30 day notice to move and never have my payment increased by hundreds per month from one year to the next.
Owning instead of renting is stability for me. That's not a big deal to some people but it is for me.
Most people rent in apartment complexes.
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Old 01-27-2018, 10:32 AM
 
512 posts, read 305,409 times
Reputation: 2512
Quote:
Originally Posted by marino760 View Post
I will never get a 30 day notice to move.
If Walmart wants to buy it and pays off the city council to declare your street a slum you will get a notice to vacate or be severely low-balled and forced to move.

I know. Low probability event. I agree. But never say "never." And most of the anti-rent scenarios I read are just as implausible even though, yes they can happen.

I was in the military for 20 yrs so I rented except for a 4 year period when I was lucky enough to have a stable location.. Nice country house. Very affordable for a single person. Big yard. Trees. I didn't work so hard when I was actually at work! Always something! And money pit! Also, I do not see any charm or benefits to spending money and laboring to constantly "re-model" a house just because One can.


Yeah, maybe if I had lived there 30 yrs paid it off then lived there for another 30 yrs I'd have enjoyed the benefit of stabilized housing costs but that's the only way I see it happening

PS: This is not a smarty-pants pro-rent post. I see it as a lifestyle choice and readily admit renting can be lethal in a high inflation environment especially if you are retired. But overall I don't see much benefit in owing (saddled with) vs renting when you add in everything.

Last edited by fallstaff; 01-27-2018 at 11:23 AM..
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Old 01-27-2018, 01:33 PM
 
Location: Nantahala National Forest, NC
27,093 posts, read 5,912,934 times
Reputation: 30347
Just wanted the wonderful feeling of owning outright my home...and no one has the key to poke around like I had happen when renting many yrs ago...
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