renting - buying

[Gerianne]

I have a friend in New Orleans.
He has rented his apartment for a long many years.
The rent has gotten too high.
He just bought a house.
A smart decision comes at the right time.

[sak4kat]

We rent - been renting for going on 10 years.  I've owned a home before and vow to never do that again.  I dream of RV'in full time someday.  With a home - I'd feel tied to one spot.  As long as we can rent for a decent price - I think if I knew then what I know nowmy view on homeonwing would be different.

[gsdoss]

We rent and that is ok for now

[wilberk]

Sounds pretty lucky!
I cant wait to own my own house but I am still in college so itll be awhile before that happens.

[Tresbn00]

I have been an owner since I was eighteen when I bought my first duplex. The payments were always considerably less than it would have  be for me to have rented in the area that I lived. This was only one consideration. With the duplexes that I owned the mortgage payment was generally paid for by my tenants. My mortgage payments, initially, were primarily interest and interest paid on a mortgage is tax deductible. I am able to sell a property, after two years, and not have to pay interest on profits of up to two hundred and fifty thousand dollars. I have had properties in Wisconsin and Colorado and never felt tied down or imprisoned by my real estate holdings. I have been looking for a property to buy near my daughter's college but have not found any good deals. My son is looking at going to college in either Florida or California and I feel comfortable in saying that we will be buying a property near his college.

[just6bp]

renting can be a great idea for so many reasons.  When it is time to replace a roof is when i wish i was a renter!!

[potluck6]

We bought our house in 2008 when the housing crisis was happening. Bought a foreclosed home for a good price.Have refinanced ,and have a decent mortgage payment. My son on the other had is renting paying 2075.00 a month for a 3 bd,1 bath. He wants to buy but all house are 500,000  maybe 400,000 if he commutes . Where he lives is about 25 minutes from San Francisco where a one bd. is 2000.00 or more its pretty crazy. Oh his wifes grandmother dies and had a house in Los Gatos Ca, worth a cool 2 million.

[cathy37]

I'm just the opposite.  I have always owned my home and have a home now that needs some work on it.  As soon as I can get things done I want to sell my house and rent an apartment.

[stretch1967]

I am kind of iffy on both. People say you got to deal with taxes premits insurances and etc for the house. Everything is going up too high. It s hard to tell

[ghunter]

I have own a house for 15 years and sold it to move to a better school for my son and now I rent, but would like to own again, I think.  I love renting because I don't have to fix a roof or a door just call the landlord, by the way who are great.  I can paint the house any color I want and I like that.

[kingozzy]

yes if you can afford a house, its always a good idea, at least you wont be wasting your money on rent

[gaylasue]

I am still fussing at my daughter for still renting.  They are paying $1300/month in rent in Lexington, KY.  I keep telling her that amount is a nice house payment towards something that is theirs!

[elvisdo]

We've been renting for over 13 years now. We do want to buy eventually but the prices are way too high over here.

[bshee58]

We're renting a house right now, but if God blesses us with a house to call our own, then it will happen.

[aflyingmonkey]

We own. We've refinanced so the payments are so low now, renting would cost more.   Of course, there are all the taxes & repairs & home insurance that increases the payments.   Sometimes I think it would be easier to just rent & have the owner pay for all of that... and the lawn guys.  But at least I will get the money back, so to speak, with all the equity I earn.