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Are any of you lifelong renters who have never purchased any real estate property (house, townhouse, or condo)? Why did you decide to not purchase a home? Do you have any regrets?
An interesting question. Not me, but I knew some people who did this. Some single people but also some families.
For the single people I know it is more of an economic thing for the women and also a desire not to need to do too many home repairs themselves. For the single men, more of an easier living thing.
For the families, all nice middle class people, they had 2,3,4 children. Kids did great in school. Parents just wanted to concentrate on family and work for dad. I guess if mom worked to afford the house, life would not be as they wanted in these particular families. They were calm people. And some of them went and still go away to family at the beach or in the mountains for the entire summer to reconnect and have the cousins continue to grow together. It's like they have two separate homes they can easily leave. They love having someone to call with any problem. "Life has enough problems", one woman says.
I've lived a semi-nomadic life. I never thought I would stay put long enough to purchase a place. In the last 11 years I have lived in 7 cities in 2 states plus Puerto Rico.
No regrets.
I am planning on moving to WY in the spring/summer of 2015 and buying a home with acreage before December. My inner cowboy is eager to come out
Couple more people I forgot about. One is female, working very hard, extra contracts, etc. so that she can save enough and have good enough retirement funds to then live in her dream city. Hardly ever home for years and just no point in the responsibilites of homeownership now that kids are grown and on their own.
Another has been through bankruptcy and the fears and horrors of just being on the brink of losing her home and then all the move took...unloading items, etc. She, a middle aged woman, resolved to never have more than she and friends could carry in a few trips, never any single item weighing more than she could lift or drag herself. Therefore, not much clutter.
Both of these stress that it would be very different, though, with the wrong rental...the wrong house/condo or the wrong owner/manager. Both rent from the owner who is sophisticated in rentals, keeps them up fabulously, and works hard to keep tenants happy.
Both of these are in houses...two floors, one apt each floor and both these women say they get the feel of a house just enough to satisfy them.
by the time i hit an age of maturity to buy one we were in the bubble and i did not buy when it burst as i was going through health problems. now back to price levels where i question how much they could really appreciate from here... i watch and go to open houses and educate myself with no rush to buy... People are too willing to overpay and then work overtime just to get by... im not gonna fall for that...
we seem to be in this dreamlike state with the economy now where everything is sort of eerily stable.. overinflated stock market keeps roaring higher meanwhile real economic growth is tepid and government spending is still very high. if we collapse again it will take massive government spending to the tune of 2+ trillion yearly debt to stablize things....
by the time i hit an age of maturity to buy one we were in the bubble and i did not buy when it burst as i was going through health problems. now back to price levels where i question how much they could really appreciate from here... i watch and go to open houses and educate myself with no rush to buy... People are too willing to overpay and then work overtime just to get by... im not gonna fall for that...
we seem to be in this dreamlike state with the economy now where everything is sort of eerily stable.. overinflated stock market keeps roaring higher meanwhile real economic growth is tepid and government spending is still very high. if we collapse again it will take massive government spending to the tune of 2+ trillion yearly debt to stablize things....
what area you in? the national average for appreciation is 3%. In my city my property appreciated 7% each year for the last two years. bout to sell this one and move onto the next city!
town im in has tight housing.. college town. for years one could not get an apartment but a lot of apartments have gone up the last 5-7 years.
that has helped but new jobs from businesses like bel brands press on housing demand. Housing has been strong and stable here and the town also has limited areas to expand due to flood zones located everywhere but north. Kind of a flat swampy unattractive cold place for a town actually.
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