Not off topic- is renting addictive?

[temeculaguy]

Asia, I guess the buy and hold argument or at least the rent stability aspects are appealing. The point of the thread was that in my area it is already rent nuetral, actually it is cheaper to buy, yet I sit. Mostly I think that Bugs’ advice rings in my head, beckoning me to at least wait till the fall or winter, but even then I’m not so sure I will automatically do it. This is the only year in the last twenty that I have rented and I like it, a lot. I have more money than ever before, more invested than ever, yet my income isn’t significantly higher. There are a lot of expenses with owning that I never realized until I stopped. There is also a lot of savings going with a smaller place, the place I’m in is about half the size of the last one I owned and it doesn’t bother me one bit, point is, it will be hard to voluntarily end this party.

[Doofrat]

My god SD Realtor, I thought I was the only one! All these years living a dual life as normal guy on the street by day, cheese lover by night (and weekends). Oh what I wouldn’t give to be back in London with that English cheddar, that sharp taste, that accent!

[Doofrat]

My god SD Realtor, I thought I was the only one! All these years living a dual life as normal guy on the street by day, cheese lover by night (and weekends). Oh what I wouldn’t give to be back in London with that English cheddar, that sharp taste, that accent!

[Doofrat]

My god SD Realtor, I thought I was the only one! All these years living a dual life as normal guy on the street by day, cheese lover by night (and weekends). Oh what I wouldn’t give to be back in London with that English cheddar, that sharp taste, that accent!

[Doofrat]

My god SD Realtor, I thought I was the only one! All these years living a dual life as normal guy on the street by day, cheese lover by night (and weekends). Oh what I wouldn’t give to be back in London with that English cheddar, that sharp taste, that accent!

[Doofrat]

My god SD Realtor, I thought I was the only one! All these years living a dual life as normal guy on the street by day, cheese lover by night (and weekends). Oh what I wouldn’t give to be back in London with that English cheddar, that sharp taste, that accent!

[an]

temeculaguy, I think your addiction to “renting” sounds more like your addiction to saving money and seeing it grow. I can see why you wait and see what will happen this fall/winter. You might see another leg down, you might not. Only time will tell. Like everything else in this universe, the amount of undershoot will probably resemble the amount of overshoot. So we might see even more decline. However, my view of buying RE is along the line of buy and hold and dollar cost average. I will never sell any property I buy and I will only buy primary residents. I’m currently renting a 2 bedroom apartment in Mira Mesa, an area where some would be considered “the ghetto”. That the lowest I can see myself paying for a place to live. I will be buying my first modest ~1300 sq-ft house sometime this year that should be within a couple hundred of the rent I’m paying for an apartment. I will be able to continue to save and invest as much as I am doing now, but I will be living in my own place. In 5-10 years, when the more desirable places hit bottom, I’ll be renting this place out and move up. I’ll rinse and repeat until I live in my dream home. I think it’s a great feeling to have someone paying you more than what you’re paying in mortgage. That’s why it’s so critical for me to buy a place that’s cheaper than rent at the start, because after 5-10 years, it’s almost a certainty it’ll cash flow positive. As long prop 13 is there, I don’t see why I would ever sell.

[an]

temeculaguy, I think your addiction to “renting” sounds more like your addiction to saving money and seeing it grow. I can see why you wait and see what will happen this fall/winter. You might see another leg down, you might not. Only time will tell. Like everything else in this universe, the amount of undershoot will probably resemble the amount of overshoot. So we might see even more decline. However, my view of buying RE is along the line of buy and hold and dollar cost average. I will never sell any property I buy and I will only buy primary residents. I’m currently renting a 2 bedroom apartment in Mira Mesa, an area where some would be considered “the ghetto”. That the lowest I can see myself paying for a place to live. I will be buying my first modest ~1300 sq-ft house sometime this year that should be within a couple hundred of the rent I’m paying for an apartment. I will be able to continue to save and invest as much as I am doing now, but I will be living in my own place. In 5-10 years, when the more desirable places hit bottom, I’ll be renting this place out and move up. I’ll rinse and repeat until I live in my dream home. I think it’s a great feeling to have someone paying you more than what you’re paying in mortgage. That’s why it’s so critical for me to buy a place that’s cheaper than rent at the start, because after 5-10 years, it’s almost a certainty it’ll cash flow positive. As long prop 13 is there, I don’t see why I would ever sell.

[an]

temeculaguy, I think your addiction to “renting” sounds more like your addiction to saving money and seeing it grow. I can see why you wait and see what will happen this fall/winter. You might see another leg down, you might not. Only time will tell. Like everything else in this universe, the amount of undershoot will probably resemble the amount of overshoot. So we might see even more decline. However, my view of buying RE is along the line of buy and hold and dollar cost average. I will never sell any property I buy and I will only buy primary residents. I’m currently renting a 2 bedroom apartment in Mira Mesa, an area where some would be considered “the ghetto”. That the lowest I can see myself paying for a place to live. I will be buying my first modest ~1300 sq-ft house sometime this year that should be within a couple hundred of the rent I’m paying for an apartment. I will be able to continue to save and invest as much as I am doing now, but I will be living in my own place. In 5-10 years, when the more desirable places hit bottom, I’ll be renting this place out and move up. I’ll rinse and repeat until I live in my dream home. I think it’s a great feeling to have someone paying you more than what you’re paying in mortgage. That’s why it’s so critical for me to buy a place that’s cheaper than rent at the start, because after 5-10 years, it’s almost a certainty it’ll cash flow positive. As long prop 13 is there, I don’t see why I would ever sell.

[an]

temeculaguy, I think your addiction to “renting” sounds more like your addiction to saving money and seeing it grow. I can see why you wait and see what will happen this fall/winter. You might see another leg down, you might not. Only time will tell. Like everything else in this universe, the amount of undershoot will probably resemble the amount of overshoot. So we might see even more decline. However, my view of buying RE is along the line of buy and hold and dollar cost average. I will never sell any property I buy and I will only buy primary residents. I’m currently renting a 2 bedroom apartment in Mira Mesa, an area where some would be considered “the ghetto”. That the lowest I can see myself paying for a place to live. I will be buying my first modest ~1300 sq-ft house sometime this year that should be within a couple hundred of the rent I’m paying for an apartment. I will be able to continue to save and invest as much as I am doing now, but I will be living in my own place. In 5-10 years, when the more desirable places hit bottom, I’ll be renting this place out and move up. I’ll rinse and repeat until I live in my dream home. I think it’s a great feeling to have someone paying you more than what you’re paying in mortgage. That’s why it’s so critical for me to buy a place that’s cheaper than rent at the start, because after 5-10 years, it’s almost a certainty it’ll cash flow positive. As long prop 13 is there, I don’t see why I would ever sell.

[an]

temeculaguy, I think your addiction to “renting” sounds more like your addiction to saving money and seeing it grow. I can see why you wait and see what will happen this fall/winter. You might see another leg down, you might not. Only time will tell. Like everything else in this universe, the amount of undershoot will probably resemble the amount of overshoot. So we might see even more decline. However, my view of buying RE is along the line of buy and hold and dollar cost average. I will never sell any property I buy and I will only buy primary residents. I’m currently renting a 2 bedroom apartment in Mira Mesa, an area where some would be considered “the ghetto”. That the lowest I can see myself paying for a place to live. I will be buying my first modest ~1300 sq-ft house sometime this year that should be within a couple hundred of the rent I’m paying for an apartment. I will be able to continue to save and invest as much as I am doing now, but I will be living in my own place. In 5-10 years, when the more desirable places hit bottom, I’ll be renting this place out and move up. I’ll rinse and repeat until I live in my dream home. I think it’s a great feeling to have someone paying you more than what you’re paying in mortgage. That’s why it’s so critical for me to buy a place that’s cheaper than rent at the start, because after 5-10 years, it’s almost a certainty it’ll cash flow positive. As long prop 13 is there, I don’t see why I would ever sell.

[nostradamus]

I’m addicted to owning but am lucky enough to have bought before the bubble, back in 1998 when one could actually make the argument that renting was akin to “throwing money away”. I change my home decor about as often as I change my wardrobe, which becomes difficult with a landlord lording over a rented dominion…

[nostradamus]

I’m addicted to owning but am lucky enough to have bought before the bubble, back in 1998 when one could actually make the argument that renting was akin to “throwing money away”. I change my home decor about as often as I change my wardrobe, which becomes difficult with a landlord lording over a rented dominion…

[nostradamus]

I’m addicted to owning but am lucky enough to have bought before the bubble, back in 1998 when one could actually make the argument that renting was akin to “throwing money away”. I change my home decor about as often as I change my wardrobe, which becomes difficult with a landlord lording over a rented dominion…

[nostradamus]

I’m addicted to owning but am lucky enough to have bought before the bubble, back in 1998 when one could actually make the argument that renting was akin to “throwing money away”. I change my home decor about as often as I change my wardrobe, which becomes difficult with a landlord lording over a rented dominion…

[Author]

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