5 Reasons Renting Still Beats Buying

[an]

[quote=UCGal]I think there are some legitimate points raised in the article and here…

But, if you plan to stay in your house, long-term, then “free rent” once the mortgage is paid off is a factor. We are looking forward to our mortgage freedom.

[/quote]
A long the same line, with a fixed rate mortgage, your monthly expense for housing is also fixed. Which is much easier to do your budget for the future.

[Anonymous]

Strictly from a financial viewpoint it is about opportunity cost. I sold my house in Los Angeles in 1999 for a decnet gain before moving to San Diego for a job change and immediately saw that it was less expensive to rent than to own in most all parts of San Diego (even in 1999!). We rented a small 3 bedroom/2 bath house on the hillside in Bay Park with a view of the bay for $1600. In the 2001 the owner offered it to me for $495000 to buy. What a joke…but some fool bought it. Considering the condition it was in I’d say that it is probably worth around that now after nearly 10 years. I more than tripled my net worth through alternative common sense investments during this last 10 years (even with the recent market swoon of the last two years). That certainly wouldn’t have happened if I had bought real estate instead.

That said, the “I want to be free of mortgage payments” is just a excuse for not being able to manage your assets proactively.

[Anonymous]

Strictly from a financial viewpoint it is about opportunity cost. I sold my house in Los Angeles in 1999 for a decnet gain before moving to San Diego for a job change and immediately saw that it was less expensive to rent than to own in most all parts of San Diego (even in 1999!). We rented a small 3 bedroom/2 bath house on the hillside in Bay Park with a view of the bay for $1600. In the 2001 the owner offered it to me for $495000 to buy. What a joke…but some fool bought it. Considering the condition it was in I’d say that it is probably worth around that now after nearly 10 years. I more than tripled my net worth through alternative common sense investments during this last 10 years (even with the recent market swoon of the last two years). That certainly wouldn’t have happened if I had bought real estate instead.

That said, the “I want to be free of mortgage payments” is just a excuse for not being able to manage your assets proactively.

[Anonymous]

Strictly from a financial viewpoint it is about opportunity cost. I sold my house in Los Angeles in 1999 for a decnet gain before moving to San Diego for a job change and immediately saw that it was less expensive to rent than to own in most all parts of San Diego (even in 1999!). We rented a small 3 bedroom/2 bath house on the hillside in Bay Park with a view of the bay for $1600. In the 2001 the owner offered it to me for $495000 to buy. What a joke…but some fool bought it. Considering the condition it was in I’d say that it is probably worth around that now after nearly 10 years. I more than tripled my net worth through alternative common sense investments during this last 10 years (even with the recent market swoon of the last two years). That certainly wouldn’t have happened if I had bought real estate instead.

That said, the “I want to be free of mortgage payments” is just a excuse for not being able to manage your assets proactively.

[Anonymous]

Strictly from a financial viewpoint it is about opportunity cost. I sold my house in Los Angeles in 1999 for a decnet gain before moving to San Diego for a job change and immediately saw that it was less expensive to rent than to own in most all parts of San Diego (even in 1999!). We rented a small 3 bedroom/2 bath house on the hillside in Bay Park with a view of the bay for $1600. In the 2001 the owner offered it to me for $495000 to buy. What a joke…but some fool bought it. Considering the condition it was in I’d say that it is probably worth around that now after nearly 10 years. I more than tripled my net worth through alternative common sense investments during this last 10 years (even with the recent market swoon of the last two years). That certainly wouldn’t have happened if I had bought real estate instead.

That said, the “I want to be free of mortgage payments” is just a excuse for not being able to manage your assets proactively.

[Anonymous]

Strictly from a financial viewpoint it is about opportunity cost. I sold my house in Los Angeles in 1999 for a decnet gain before moving to San Diego for a job change and immediately saw that it was less expensive to rent than to own in most all parts of San Diego (even in 1999!). We rented a small 3 bedroom/2 bath house on the hillside in Bay Park with a view of the bay for $1600. In the 2001 the owner offered it to me for $495000 to buy. What a joke…but some fool bought it. Considering the condition it was in I’d say that it is probably worth around that now after nearly 10 years. I more than tripled my net worth through alternative common sense investments during this last 10 years (even with the recent market swoon of the last two years). That certainly wouldn’t have happened if I had bought real estate instead.

That said, the “I want to be free of mortgage payments” is just a excuse for not being able to manage your assets proactively.

[Coronita]

You know when “news” magazines start talking about it’s better to rent than to buy, then it’s time to start looking to buy in the distant future.

[Coronita]

You know when “news” magazines start talking about it’s better to rent than to buy, then it’s time to start looking to buy in the distant future.

[Coronita]

You know when “news” magazines start talking about it’s better to rent than to buy, then it’s time to start looking to buy in the distant future.

[Coronita]

You know when “news” magazines start talking about it’s better to rent than to buy, then it’s time to start looking to buy in the distant future.

[Coronita]

You know when “news” magazines start talking about it’s better to rent than to buy, then it’s time to start looking to buy in the distant future.

[nostradamus]

6. Termites
7. Repair
8. Upkeep/Upates
9. Insurance
10. Rents going down (TBD)
11. Local government shenanigans
12. Neighbor shenanigans

[nostradamus]

6. Termites
7. Repair
8. Upkeep/Upates
9. Insurance
10. Rents going down (TBD)
11. Local government shenanigans
12. Neighbor shenanigans

[nostradamus]

6. Termites
7. Repair
8. Upkeep/Upates
9. Insurance
10. Rents going down (TBD)
11. Local government shenanigans
12. Neighbor shenanigans

[nostradamus]

6. Termites
7. Repair
8. Upkeep/Upates
9. Insurance
10. Rents going down (TBD)
11. Local government shenanigans
12. Neighbor shenanigans

[Author]

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