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Re: Own or Rent?
Own! I rented for a while, but then reailzed i could have a mortgage for a house that is mine (at least in essence, and will be mine) for less than what rent was costing. I think thats what people mean by "throwing money away" ben. It is a matter of preference, what you mentioned about being free to do what you want,… -
Re: Own or Rent?
I'm always perplexed at people who say renting is pouring money down the drain. I got a place to live while renting, that's certainly worth paying money. And you have a freedom. Move when you want, independent from worry about the housing market, freedom from upkeep, easily move up or down in home size practically at a… -
Re: Own or Rent?
Financially, it is true that buying is always preferable to renting. Buying is an investment, while renting is just an expense. If you buy, then even with fluctuations in the housing market you still have the potential to see a return on investment. With renting, there is zero opportunity for return on investment. You will… -
Re: Own or Rent?
Own a few, but I'm not in the industry (yet...there's always hope). They've all been HUD repos that I bought for almost nothing, and I live in the southern US, where housing prices are rock bottom compared to the rest of the US and the world (paid ~$60k US for the one I'm in now). The upside is they're cheap to get in and… -
Re: Own or Rent?
Yeh of course but now it has already happened and I think an economy crisis wont happen again in some time. so right now, buy when the price is low and sell when its high. If your value is down now and if you have the possibility to not sell then DONT :) prices goes up and down but if you look at a long term graph its… -
Re: Own or Rent?
Yea I wouldn't intend to live in the place if it were for rental. If I could buy a place I wanted to live in I would. It costs half a million for a box in Vancouver lately. However I rent a place worth 700k with my girlfriend. Which is doable because the rent is much cheaper than a mortgage. Unless you have 25% to put down… -
Re: Own or Rent?
We live in Dallas Texas as of right now, and we could probably buy a house if we really wanted to the market here is really low, since there's so much room to build, but being that me and the boyfren are both in the games industry we are too afraid of getting stuck with a house to sell, we don't want to pass up any good… -
Re: Own or Rent?
Rented so far, but about to buy. We saved a lot, so we could do a 70% loan (meaning we have 30% of the house purchase price to put down in cash). Plus the housing market in Iceland is ripe for buying, lots of people unloading their houses and moving in with friends or relatives, or just downgrading to something cheaper… -
Re: Own or Rent?
Bought a house in July, got laid off in January. I've been doing freelance from home ever since, mostly because I don't want to go through the hassle of selling my house and moving out of state to work at another studio. If I did it again, I'd probably still rent and work for a studio. -
Re: Own or Rent?
Own. Sometimes I regret it, sometimes I don't. The extra space over an apartment is nice. But it feels like a ball and chain sometimes too. Bought in 2002 but I'm not even sure if I'll break even if I were to sell. Lots of foreclosures in my area bringing down the value. If it drops too low we may just walk away from the…
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