buying SHOULD BE cheaper than renting

[eyePod]

Rent vs Buy for housing is a fundamental measurement which oversimplifies the analysis. If rents, housing prices, job security, economic stability, etc were STATIC it would be a GREAT metric. However, if any of the inputs change significantly then the result changes significantly.

[an]

[quote=eyePod]Rent vs Buy for housing is a fundamental measurement which oversimplifies the analysis. If rents, housing prices, job security, economic stability, etc were STATIC it would be a GREAT metric. However, if any of the inputs change significantly then the result changes significantly.[/quote]
Job security, economic stability, etc. affects you, regardless if you rent or buy. So, why does that matter? If you lose your job and you’re renting, you better find a job soon or you’ll be living in a box once your savings run out. Subleasing won’t be looked upon kindly by most landlord. If you lose your job and you own a house, you can theoretically rent out all the rooms, garage, etc. so you can basically live in your house for free until you’re finally back on your feet. This is one of the many reasons why it’s so important to me that I only buy houses that are at least cash flow neutral, even if it’s a primary resident.

[an]

[quote=eyePod]Rent vs Buy for housing is a fundamental measurement which oversimplifies the analysis. If rents, housing prices, job security, economic stability, etc were STATIC it would be a GREAT metric. However, if any of the inputs change significantly then the result changes significantly.[/quote]
Job security, economic stability, etc. affects you, regardless if you rent or buy. So, why does that matter? If you lose your job and you’re renting, you better find a job soon or you’ll be living in a box once your savings run out. Subleasing won’t be looked upon kindly by most landlord. If you lose your job and you own a house, you can theoretically rent out all the rooms, garage, etc. so you can basically live in your house for free until you’re finally back on your feet. This is one of the many reasons why it’s so important to me that I only buy houses that are at least cash flow neutral, even if it’s a primary resident.

[an]

[quote=eyePod]Rent vs Buy for housing is a fundamental measurement which oversimplifies the analysis. If rents, housing prices, job security, economic stability, etc were STATIC it would be a GREAT metric. However, if any of the inputs change significantly then the result changes significantly.[/quote]
Job security, economic stability, etc. affects you, regardless if you rent or buy. So, why does that matter? If you lose your job and you’re renting, you better find a job soon or you’ll be living in a box once your savings run out. Subleasing won’t be looked upon kindly by most landlord. If you lose your job and you own a house, you can theoretically rent out all the rooms, garage, etc. so you can basically live in your house for free until you’re finally back on your feet. This is one of the many reasons why it’s so important to me that I only buy houses that are at least cash flow neutral, even if it’s a primary resident.

[an]

[quote=eyePod]Rent vs Buy for housing is a fundamental measurement which oversimplifies the analysis. If rents, housing prices, job security, economic stability, etc were STATIC it would be a GREAT metric. However, if any of the inputs change significantly then the result changes significantly.[/quote]
Job security, economic stability, etc. affects you, regardless if you rent or buy. So, why does that matter? If you lose your job and you’re renting, you better find a job soon or you’ll be living in a box once your savings run out. Subleasing won’t be looked upon kindly by most landlord. If you lose your job and you own a house, you can theoretically rent out all the rooms, garage, etc. so you can basically live in your house for free until you’re finally back on your feet. This is one of the many reasons why it’s so important to me that I only buy houses that are at least cash flow neutral, even if it’s a primary resident.

[an]

[quote=eyePod]Rent vs Buy for housing is a fundamental measurement which oversimplifies the analysis. If rents, housing prices, job security, economic stability, etc were STATIC it would be a GREAT metric. However, if any of the inputs change significantly then the result changes significantly.[/quote]
Job security, economic stability, etc. affects you, regardless if you rent or buy. So, why does that matter? If you lose your job and you’re renting, you better find a job soon or you’ll be living in a box once your savings run out. Subleasing won’t be looked upon kindly by most landlord. If you lose your job and you own a house, you can theoretically rent out all the rooms, garage, etc. so you can basically live in your house for free until you’re finally back on your feet. This is one of the many reasons why it’s so important to me that I only buy houses that are at least cash flow neutral, even if it’s a primary resident.

[jpinpb]

There was a time I rented a townhouse and for a while I got a roommate later. I indicated I’m responsible for paying the rent and responsible for the property. There was no problem getting a roommate and helped pay the rent. I didn’t have to own to do that.

[jpinpb]

There was a time I rented a townhouse and for a while I got a roommate later. I indicated I’m responsible for paying the rent and responsible for the property. There was no problem getting a roommate and helped pay the rent. I didn’t have to own to do that.

[jpinpb]

There was a time I rented a townhouse and for a while I got a roommate later. I indicated I’m responsible for paying the rent and responsible for the property. There was no problem getting a roommate and helped pay the rent. I didn’t have to own to do that.

[jpinpb]

There was a time I rented a townhouse and for a while I got a roommate later. I indicated I’m responsible for paying the rent and responsible for the property. There was no problem getting a roommate and helped pay the rent. I didn’t have to own to do that.

[jpinpb]

There was a time I rented a townhouse and for a while I got a roommate later. I indicated I’m responsible for paying the rent and responsible for the property. There was no problem getting a roommate and helped pay the rent. I didn’t have to own to do that.

[an]

[quote=jpinpb]There was a time I rented a townhouse and for a while I got a roommate later. I indicated I’m responsible for paying the rent and responsible for the property. There was no problem getting a roommate and helped pay the rent. I didn’t have to own to do that. [/quote]
I would think that’s the exception rather than the rule. As a landlord, I would want to have minimum amount of people living at my rental. Subleasing means you’d have to do background check on those other people too. It’s not just about paying rent on time but also what type of people they are and whether they look like those who would destroy your place. Can you picture your landlord’s face if you tell them you want to convert their house into a mini-dorm?

[an]

[quote=jpinpb]There was a time I rented a townhouse and for a while I got a roommate later. I indicated I’m responsible for paying the rent and responsible for the property. There was no problem getting a roommate and helped pay the rent. I didn’t have to own to do that. [/quote]
I would think that’s the exception rather than the rule. As a landlord, I would want to have minimum amount of people living at my rental. Subleasing means you’d have to do background check on those other people too. It’s not just about paying rent on time but also what type of people they are and whether they look like those who would destroy your place. Can you picture your landlord’s face if you tell them you want to convert their house into a mini-dorm?

[an]

[quote=jpinpb]There was a time I rented a townhouse and for a while I got a roommate later. I indicated I’m responsible for paying the rent and responsible for the property. There was no problem getting a roommate and helped pay the rent. I didn’t have to own to do that. [/quote]
I would think that’s the exception rather than the rule. As a landlord, I would want to have minimum amount of people living at my rental. Subleasing means you’d have to do background check on those other people too. It’s not just about paying rent on time but also what type of people they are and whether they look like those who would destroy your place. Can you picture your landlord’s face if you tell them you want to convert their house into a mini-dorm?

[an]

[quote=jpinpb]There was a time I rented a townhouse and for a while I got a roommate later. I indicated I’m responsible for paying the rent and responsible for the property. There was no problem getting a roommate and helped pay the rent. I didn’t have to own to do that. [/quote]
I would think that’s the exception rather than the rule. As a landlord, I would want to have minimum amount of people living at my rental. Subleasing means you’d have to do background check on those other people too. It’s not just about paying rent on time but also what type of people they are and whether they look like those who would destroy your place. Can you picture your landlord’s face if you tell them you want to convert their house into a mini-dorm?

[Author]

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