[quote=deadzone]Alternately, while my landlord is dealing with the plumbing and other maintenance issues, I am out surfing or playing golf. On weekends when the typical homeowner is spending all day at Home Depot, I am surfing or playing golf. Yeah you guys are right, home ownership rules and renting just kills your quality of life.[/quote]
I lived in my house for 3 years and my toilet haven’t broken once. How often does your toilet break? The biggest advantage buying have over renting is, in 30 years, all you’ll be paying for is the taxes and insurance on it while if you rent, you’ll have to deal with a much bigger expense. Dealing with rent on a fixed income won’t be fun. You’re at the mercy of your landlord. Much easier to retire with a peace of mind when you know or can predict all of your expenses. In 30 years, most of the money I save for retirement will all go to fun stuff. If I rent indefinitely, I would have to use some of the money I save for retirement for shelter. I would be scared to death if there’s any major inflation period while I’m renting and retired on fixed income.
