I dislike renting quite a lot and really want to buy again. However, living on “hope” that the market won’t destroy my equity is a bad way to go. All of the data indicates that the market must go down.
Although I dislike renting a great deal, it makes me feel better to know that my former house has lost about $75,000 in value since we sold it (based on the latest sale there). I could have worked full time since we sold and not been able to save nearly that much. So I guess my “job” right now is just being a renter. 🙂
I do not think we will do this again, however. If the next cycle goes as high as this one, I think we will just make sure we are where we want to be located and stay put. No more renting for me.
