U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Missouri > St. Louis
 [Register]
Please register to participate in our discussions with 1.5 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Jump to a detailed profile or search
site with Google Custom Search

Search Forums  (Advanced)
Business Search - 14 Million verified businesses
Search for:  near: 
View Poll Results: Rent or Own?
I Rent 3 30.00%
I Own 7 70.00%
Voters: 10. You may not vote on this poll

 
 
Old 12-17-2011, 12:28 PM
 
Location: St. Ann, MO
2,910 posts, read 3,079,547 times
Reputation: 1483

Advertisements

Thought this would be an interesting thread. And homes includes Apartment Homes, Townhouses, etc...essentially "WHERE-EVER YOU LIVE". Just wondering if folks on this board tend to Rent or Own, and if you have any reasons for which one you've chosen feel free to include those too!
Quick reply to this message

 
Old 12-17-2011, 12:31 PM
 
Location: St. Ann, MO
2,910 posts, read 3,079,547 times
Reputation: 1483
Own - Hopefully we'll be here for ten years or so before moving on to anything else. It's also a buyers market right now, hopefully that doesn't continue FOREVER!
Quick reply to this message
 
Old 12-17-2011, 01:40 PM
 
1,783 posts, read 2,076,542 times
Reputation: 1347
I rent now but I owned a house in St. Louis until September. Real estate is so affordable that I think it's crazy not to buy in St. Louis. The bang for your buck and wide variety of housing options really makes St. Louis an excellent place for home ownership and an advantage the area has over many cities.

However, the key point potential buyers need to keep in mind is the length of time they will be in the area. If it's definitely long term (5+ years) then buying is a no brainer. If you think it's likely or even somewhat possible you'll be leaving the area in a couple of years then I'd play it safe and rent. Of course some people also just prefer renting and that's understandable too.

As someone who lost money having to sell my house, I'm a bit turned off to home ownership at the moment, but if I knew I was staying in a place long term, I'd do it again.
Quick reply to this message
 
Old 12-17-2011, 09:22 PM
 
Location: St. Ann, MO
2,910 posts, read 3,079,547 times
Reputation: 1483
Totally understand losing money having to sell a house, I did that back in 09' after buying in 08'. I was lucky to not sell for much of a loss, but took a total bath with associated fees...gah! Hope to not do that again!
Quick reply to this message
 
Old 12-19-2011, 08:13 AM
 
Location: Volker, Kansas City, MO
12,062 posts, read 18,980,775 times
Reputation: 3623
My SO and I rent, for now, for exactly the same reason Boom points out you should -- we don't think we'll be in our current location for enough time to make buying worth it.

Our plan, once we move to St. Louis, is to buy a four-family home and live in one unit while renting out the other two. We'd plan to stay for right about two years before using the money we've made/saved to put a down payment on a 2-family. We'll keep the four family and be renting out 5 total units.
Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


 
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Options
X
Data:
Loading data...
Based on 2000-2011 data
Loading data...

123
Hide US histogram

Over $84,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Missouri > St. Louis
Similar Threads
View detailed profiles of:

All times are GMT -6.

2005-2014, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 - Top