Renting is not better than buying

[sdcellar]

You know, I never get the can’t hang pictures, paint, plant things, put up curtains, or do anything to my rental comments.

Maybe it’s just me, but I just got done drilling 6 huge holes and 4 small ones in my (landlord’s) wall so I could install a swell LCD TV. I hang pictures of my family and art that I like.

Own it or rent it, I’m probably going to end up cleaning up the “damage” after I leave. At least I always have so far. On the house I sold, I had a couple of days of work based on what the buyers requested and I wouldn’t leave to the next owner even if they didn’t ask.

On the house I rented, it was a couple of hours, tops. Spackle and paint just ain’t that hard. Heck, I’d even painted a room and asked the owner if he wanted me to put it back to white. Instead, he said his wife liked the color and wondered if I could paint a few other rooms too–I told him the paint color.

Don’t get me wrong, I love the idea of owning my own place again so I can truly do whatever I want. Tear out bathrooms and kitchens; piss away thousands and thousands of dollars–and love every minute of it. But it’s going to be a place that I love and I’m not going to get ripped off for it.

Million dollar tract homes, $700K fixers, give me a frickin’ break. I’ll continue to live in “terror” of my landlord for just a bit longer… and, oh yeah, in the best area I have ever lived since moving to San Diego.

[Fearful]

Come to think of it, I did the same thing: I drilled some nice 3/8″ holes in the wall to hang my plasma. I also tore out some plants and put in some new ones.

I know for sure I will have to patch the holes in the wall when I leave, but – I would really feel it is in my best interest to fix up a place I am selling! I put a lot of work into the house I sold.

Renting is really not that different from buying, just a bit more liquid. You have an incentive to not do value-added improvements, but then again, maybe that is a good thing, because most improvements lose money anyway!

[Fearful]

Come to think of it, I did the same thing: I drilled some nice 3/8″ holes in the wall to hang my plasma. I also tore out some plants and put in some new ones.

I know for sure I will have to patch the holes in the wall when I leave, but – I would really feel it is in my best interest to fix up a place I am selling! I put a lot of work into the house I sold.

Renting is really not that different from buying, just a bit more liquid. You have an incentive to not do value-added improvements, but then again, maybe that is a good thing, because most improvements lose money anyway!

[Fearful]

Come to think of it, I did the same thing: I drilled some nice 3/8″ holes in the wall to hang my plasma. I also tore out some plants and put in some new ones.

I know for sure I will have to patch the holes in the wall when I leave, but – I would really feel it is in my best interest to fix up a place I am selling! I put a lot of work into the house I sold.

Renting is really not that different from buying, just a bit more liquid. You have an incentive to not do value-added improvements, but then again, maybe that is a good thing, because most improvements lose money anyway!

[Fearful]

Come to think of it, I did the same thing: I drilled some nice 3/8″ holes in the wall to hang my plasma. I also tore out some plants and put in some new ones.

I know for sure I will have to patch the holes in the wall when I leave, but – I would really feel it is in my best interest to fix up a place I am selling! I put a lot of work into the house I sold.

Renting is really not that different from buying, just a bit more liquid. You have an incentive to not do value-added improvements, but then again, maybe that is a good thing, because most improvements lose money anyway!

[Fearful]

Come to think of it, I did the same thing: I drilled some nice 3/8″ holes in the wall to hang my plasma. I also tore out some plants and put in some new ones.

I know for sure I will have to patch the holes in the wall when I leave, but – I would really feel it is in my best interest to fix up a place I am selling! I put a lot of work into the house I sold.

Renting is really not that different from buying, just a bit more liquid. You have an incentive to not do value-added improvements, but then again, maybe that is a good thing, because most improvements lose money anyway!

[Raybyrnes]

PRIDE OF OWNERSHIP. The challenge of renting is that any inprovements or betterments go right back to the landlord. I look around my own place and I see it as being incomplete. The walls could use a coat of paint, recessed lighting, dishwasher in the kitchen, drywall and finishing in the garage. It would cost about 4 to 5K to get the house to where I am completely satisfied. now figure that if I stay ther for 24 months that raises my rental cost from 1600 to voer 1800.

To end up with a net of 1800 when you factor in mortgage interest deduction, MCC credit, loan paydown etc it means that I could probably look at a monthly payment of around 2500. While tht moves me away from the beach area it certainly puts me in an ownership situation in Mission or fashion valley which could be used as a long term rental unit after I move.

Again, there wer plenty of people who bought during the 1980’s who have done extremely well with the purchase. There are going to be plenty of people 20 years from now who bought in 2005 who will have done very well. It just requires sustaining power.

With respect to other asset classes at the moment they are taking an equal hit in depreciation. (Global, small cap, large cap, bonds, reits)

[Raybyrnes]

PRIDE OF OWNERSHIP. The challenge of renting is that any inprovements or betterments go right back to the landlord. I look around my own place and I see it as being incomplete. The walls could use a coat of paint, recessed lighting, dishwasher in the kitchen, drywall and finishing in the garage. It would cost about 4 to 5K to get the house to where I am completely satisfied. now figure that if I stay ther for 24 months that raises my rental cost from 1600 to voer 1800.

To end up with a net of 1800 when you factor in mortgage interest deduction, MCC credit, loan paydown etc it means that I could probably look at a monthly payment of around 2500. While tht moves me away from the beach area it certainly puts me in an ownership situation in Mission or fashion valley which could be used as a long term rental unit after I move.

Again, there wer plenty of people who bought during the 1980’s who have done extremely well with the purchase. There are going to be plenty of people 20 years from now who bought in 2005 who will have done very well. It just requires sustaining power.

With respect to other asset classes at the moment they are taking an equal hit in depreciation. (Global, small cap, large cap, bonds, reits)

[Raybyrnes]

PRIDE OF OWNERSHIP. The challenge of renting is that any inprovements or betterments go right back to the landlord. I look around my own place and I see it as being incomplete. The walls could use a coat of paint, recessed lighting, dishwasher in the kitchen, drywall and finishing in the garage. It would cost about 4 to 5K to get the house to where I am completely satisfied. now figure that if I stay ther for 24 months that raises my rental cost from 1600 to voer 1800.

To end up with a net of 1800 when you factor in mortgage interest deduction, MCC credit, loan paydown etc it means that I could probably look at a monthly payment of around 2500. While tht moves me away from the beach area it certainly puts me in an ownership situation in Mission or fashion valley which could be used as a long term rental unit after I move.

Again, there wer plenty of people who bought during the 1980’s who have done extremely well with the purchase. There are going to be plenty of people 20 years from now who bought in 2005 who will have done very well. It just requires sustaining power.

With respect to other asset classes at the moment they are taking an equal hit in depreciation. (Global, small cap, large cap, bonds, reits)

[Raybyrnes]

PRIDE OF OWNERSHIP. The challenge of renting is that any inprovements or betterments go right back to the landlord. I look around my own place and I see it as being incomplete. The walls could use a coat of paint, recessed lighting, dishwasher in the kitchen, drywall and finishing in the garage. It would cost about 4 to 5K to get the house to where I am completely satisfied. now figure that if I stay ther for 24 months that raises my rental cost from 1600 to voer 1800.

To end up with a net of 1800 when you factor in mortgage interest deduction, MCC credit, loan paydown etc it means that I could probably look at a monthly payment of around 2500. While tht moves me away from the beach area it certainly puts me in an ownership situation in Mission or fashion valley which could be used as a long term rental unit after I move.

Again, there wer plenty of people who bought during the 1980’s who have done extremely well with the purchase. There are going to be plenty of people 20 years from now who bought in 2005 who will have done very well. It just requires sustaining power.

With respect to other asset classes at the moment they are taking an equal hit in depreciation. (Global, small cap, large cap, bonds, reits)

[Raybyrnes]

PRIDE OF OWNERSHIP. The challenge of renting is that any inprovements or betterments go right back to the landlord. I look around my own place and I see it as being incomplete. The walls could use a coat of paint, recessed lighting, dishwasher in the kitchen, drywall and finishing in the garage. It would cost about 4 to 5K to get the house to where I am completely satisfied. now figure that if I stay ther for 24 months that raises my rental cost from 1600 to voer 1800.

To end up with a net of 1800 when you factor in mortgage interest deduction, MCC credit, loan paydown etc it means that I could probably look at a monthly payment of around 2500. While tht moves me away from the beach area it certainly puts me in an ownership situation in Mission or fashion valley which could be used as a long term rental unit after I move.

Again, there wer plenty of people who bought during the 1980’s who have done extremely well with the purchase. There are going to be plenty of people 20 years from now who bought in 2005 who will have done very well. It just requires sustaining power.

With respect to other asset classes at the moment they are taking an equal hit in depreciation. (Global, small cap, large cap, bonds, reits)

[j]

Sounds like this guy took the same magic math classes that all those people that have those option ARM loans took.

[j]

Sounds like this guy took the same magic math classes that all those people that have those option ARM loans took.

[j]

Sounds like this guy took the same magic math classes that all those people that have those option ARM loans took.

[j]

Sounds like this guy took the same magic math classes that all those people that have those option ARM loans took.

[Author]

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