This probably isn’t a good place to discuss the cost of owning vs. renting … 🙂
Assuming similar costs, I think the difference comes down to control.
You have much more control over a house that you own than over one you rent.
When you rent, however, you have more control over where you live, as it is easier to move to a new place you like better. So, there is some sense of control and flexibility in renting as well – though on a macro scale, not a micro scale.
You lose some control with renting, also, as you don’t have any guarantee that you can stay in a place you like for a long time.
The question is – do you want alot of control over the walls, color, landscaping, design, etc. of 1 property or the freedom to change properties ? Simple as that. I prefer the former.
For many, Carmel Valley is Nirvana. I don’t get it either, but I have come to accept that others love it.
