Topic: Rent versus own, an FYI
msharmony's photo
Fri 08/03/18 08:59 AM
how does not complaining mean one 'knows they have made the wrong choice'?

1. neighbors being pleasant or unpleasant happens in rent or own situations.

2.I am very private and have no issue with it when I rent.

3. Bugs also can happen in rent or own situations. in each case, a phone call is required to either exterminator or apt management.

4. I have never rented where I could not change my shades, and have never needed to change the flooring when I was only staying a potential few years.

5. Id rather lose a deposit than have a foreclosure or lose thousands on ownership value.

6. I couldnt move when I wanted without fulfilling the contract. which was at most a one year lease and at least a one month deposit, but never tens of thousands to a bank for a mortgage.

7. Where relatives have owned, homeowners associations constantly charged them upwards of mere $15 if they had one weed in the yard.

there are perks and pains either way. It really is a matter of personal priority and lifestyle of what one is looking for whether it is best to rent or own.

Easttowest72's photo
Fri 08/03/18 09:26 AM
So you think it's a good choice to rent paying each month what I pay 1 time a year? When you skip out on a lease it isn't just a deposit you lose, unless you have ad credit and nothing to garnish. The landlord can sue you for damages, and lost rent. Why would you be worried about losing home equity through a foreclosure when you lose thousands each year in rent?

msharmony's photo
Fri 08/03/18 09:42 AM
Edited by msharmony on Fri 08/03/18 09:42 AM

So you think it's a good choice to rent paying each month what I pay 1 time a year? When you skip out on a lease it isn't just a deposit you lose, unless you have ad credit and nothing to garnish. The landlord can sue you for damages, and lost rent. Why would you be worried about losing home equity through a foreclosure when you lose thousands each year in rent?


honestly, I have never had an issue sticking out a lease that was only a year. I doubt most renters would.

I dont lose anymore on rent in that year or two or three, than an owner does in interest on the LOAN FROM THE BANK that is called a 'mortgage'

Easttowest72's photo
Fri 08/03/18 09:51 AM


So you think it's a good choice to rent paying each month what I pay 1 time a year? When you skip out on a lease it isn't just a deposit you lose, unless you have ad credit and nothing to garnish. The landlord can sue you for damages, and lost rent. Why would you be worried about losing home equity through a foreclosure when you lose thousands each year in rent?


honestly, I have never had an issue sticking out a lease that was only a year. I doubt most renters would.

I dont lose anymore on rent in that year or two or three, than an owner does in interest on the LOAN FROM THE BANK that is called a 'mortgage'


Last month I paid $130 in interest to the bank on a rental. My tenant covered that cost. But even if it had been mine to pay, it's a lot less than renters are losing paying rent.

msharmony's photo
Fri 08/03/18 10:04 AM
Edited by msharmony on Fri 08/03/18 10:04 AM



So you think it's a good choice to rent paying each month what I pay 1 time a year? When you skip out on a lease it isn't just a deposit you lose, unless you have ad credit and nothing to garnish. The landlord can sue you for damages, and lost rent. Why would you be worried about losing home equity through a foreclosure when you lose thousands each year in rent?


honestly, I have never had an issue sticking out a lease that was only a year. I doubt most renters would.

I dont lose anymore on rent in that year or two or three, than an owner does in interest on the LOAN FROM THE BANK that is called a 'mortgage'


Last month I paid $130 in interest to the bank on a rental. My tenant covered that cost. But even if it had been mine to pay, it's a lot less than renters are losing paying rent.


Id rather lose for what I USE than what I am perceived to use in the future.



Easttowest72's photo
Fri 08/03/18 10:15 AM




So you think it's a good choice to rent paying each month what I pay 1 time a year? When you skip out on a lease it isn't just a deposit you lose, unless you have ad credit and nothing to garnish. The landlord can sue you for damages, and lost rent. Why would you be worried about losing home equity through a foreclosure when you lose thousands each year in rent?
much

honestly, I have never had an issue sticking out a lease that was only a year. I doubt most renters would.

I dont lose anymore on rent in that year or two or three, than an owner does in interest on the LOAN FROM THE BANK that is called a 'mortgage'


Last month I paid $130 in interest to the bank on a rental. My tenant covered that cost. But even if it had been mine to pay, it's a lot less than renters are losing paying rent.


Id rather lose for what I USE than what I am perceived to use in the future.





People will always need a place to live. If I die and don't need my house, I have kids that will. Your theory is flawed. If I had your way of thinking my daughter wouldn't be living rent/mortgage free right now. She is lucky that I look ahead to the future.

msharmony's photo
Fri 08/03/18 10:32 AM





So you think it's a good choice to rent paying each month what I pay 1 time a year? When you skip out on a lease it isn't just a deposit you lose, unless you have ad credit and nothing to garnish. The landlord can sue you for damages, and lost rent. Why would you be worried about losing home equity through a foreclosure when you lose thousands each year in rent?
much

honestly, I have never had an issue sticking out a lease that was only a year. I doubt most renters would.

I dont lose anymore on rent in that year or two or three, than an owner does in interest on the LOAN FROM THE BANK that is called a 'mortgage'


Last month I paid $130 in interest to the bank on a rental. My tenant covered that cost. But even if it had been mine to pay, it's a lot less than renters are losing paying rent.


Id rather lose for what I USE than what I am perceived to use in the future.





People will always need a place to live. If I die and don't need my house, I have kids that will. Your theory is flawed. If I had your way of thinking my daughter wouldn't be living rent/mortgage free right now. She is lucky that I look ahead to the future.


no its not. I just dont have the 'my way is the only right way' mentality.

there are plenty of kids that want to grow up and have their OWN and not their parents home, if they are kids that want the responsibilities of home ownership at all (lawncare, property tax, plumbing, HVAC, high debt, loan interest ...etc)

Your daughter is lucky, no doubt. And no one can take away your ownership or what you can give your kids. I say that sincerely. but others do not all want what you wanted nor should they have to. your preferences for lifestyle are just yours, and are not by extension the best or only preference for everyone else.

Tom4Uhere's photo
Fri 08/03/18 10:44 AM
When I get value from what I spend my money on, I don't feel I lost that money.
I get value from the place I rent.
It serves my purposes.
I'm actually pretty happy with my choice.

Y'all can look down your noses at me for renting but frankly, I don't give a damn. You don't live behind my eyes.

msharmony's photo
Fri 08/03/18 10:49 AM

When I get value from what I spend my money on, I don't feel I lost that money.
I get value from the place I rent.
It serves my purposes.
I'm actually pretty happy with my choice.

Y'all can look down your noses at me for renting but frankly, I don't give a damn. You don't live behind my eyes.


I for one understand the perks and obstacles of both so I dont look down on anyone for either choice. By the way, did you get an ad at the top of your screen for buying a home ...lol, sponsors, gotta love 'em.

Easttowest72's photo
Fri 08/03/18 10:56 AM
I don't know of anyone who wants to pay rent. Most people are tied to a certain area for work. Buying a home to build equity makes sense. My kids roamed around on the militaries dime for a while before coming home. They need a yard for 2 energetic boys to safely play. My son expresses interest in having a loft, which is fine. But renting one for the rest of his life would be crazy. So he is working on his credit and saving. Different lifestyles can be lived while being a homeowner.

msharmony's photo
Fri 08/03/18 11:05 AM

I don't know of anyone who wants to pay rent. Most people are tied to a certain area for work. Buying a home to build equity makes sense. My kids roamed around on the militaries dime for a while before coming home. They need a yard for 2 energetic boys to safely play. My son expresses interest in having a loft, which is fine. But renting one for the rest of his life would be crazy. So he is working on his credit and saving. Different lifestyles can be lived while being a homeowner.



How long do workers stay in jobs? The median length of time on the job for American workers in 2012 is just 5.4 years, according to new research. That's up only slightly from 5 years in 1983, suggesting the idea of a full-career job with one employer and retirement with a gold watch has been a myth for most people

https://www.bizjournals.com/sacramento/.../how-long-do-americans-stay-in-jobs.htm

as mentioned before, everyone does not choose the same lifestyle or value the same things, there is no one way when it comes to those choices, there is the choice thats best for EACH person's situations



Tom4Uhere's photo
Fri 08/03/18 11:11 AM


When I get value from what I spend my money on, I don't feel I lost that money.
I get value from the place I rent.
It serves my purposes.
I'm actually pretty happy with my choice.

Y'all can look down your noses at me for renting but frankly, I don't give a damn. You don't live behind my eyes.


I for one understand the perks and obstacles of both so I dont look down on anyone for either choice. By the way, did you get an ad at the top of your screen for buying a home ...lol, sponsors, gotta love 'em.

LOL, I never get any ads on M2 - none.

Easttowest72's photo
Fri 08/03/18 11:14 AM

When I get value from what I spend my money on, I don't feel I lost that money.
I get value from the place I rent.
It serves my purposes.
I'm actually pretty happy with my choice.

Y'all can look down your noses at me for renting but frankly, I don't give a damn. You don't live behind my eyes.


It's not about looking down noses. When I was renting, I never had any extra money for anything. Rent isn't fixed like a mortgage. I had to come up with a plan to put my money back into my pocket instead of my landlords. If I bought what I own at today's prices I couldn't afford it. When I first bought a home, I still didn't have extra money. That came with time, equity, increased wages vs fixed mortgage and finally paid off mortgage.

Tom4Uhere's photo
Fri 08/03/18 11:25 AM

I don't know of anyone who wants to pay rent. Most people are tied to a certain area for work. Buying a home to build equity makes sense. My kids roamed around on the militaries dime for a while before coming home. They need a yard for 2 energetic boys to safely play. My son expresses interest in having a loft, which is fine. But renting one for the rest of his life would be crazy. So he is working on his credit and saving. Different lifestyles can be lived while being a homeowner.

I know a lot of people that want to pay rent.
You should be thankful for that seeing how you are a landlord.

If you have renters paying you to live in your houses one would think that you would just love that people are paying rent.
There is something fishy with the fact that you are a landlord and despise renters?

Katrina flattened this place.
There are a lot of people (families) living in recently built rentals and a whole lot of people living in campers in campgrounds permanently.
Many of these same people once owned their homes before Katrina.
They choose to sell their lots and rent instead.

There are good renters and bad renters.
There are good homeowners and bad homeowners.
There are good landlords and bad landlords.

There are benefits to owning but there are also benefits to renting.
There are disadvantages to renting but there are also disadvantages to owning.
Since everyone is different, they make their own choices for their own reasons. Your reasons are yours and their reasons are theirs, neither is the right or wrong reasons.

Easttowest72's photo
Fri 08/03/18 11:30 AM


I don't know of anyone who wants to pay rent. Most people are tied to a certain area for work. Buying a home to build equity makes sense. My kids roamed around on the militaries dime for a while before coming home. They need a yard for 2 energetic boys to safely play. My son expresses interest in having a loft, which is fine. But renting one for the rest of his life would be crazy. So he is working on his credit and saving. Different lifestyles can be lived while being a homeowner.



How long do workers stay in jobs? The median length of time on the job for American workers in 2012 is just 5.4 years, according to new research. That's up only slightly from 5 years in 1983, suggesting the idea of a full-career job with one employer and retirement with a gold watch has been a myth for most people

https://www.bizjournals.com/sacramento/.../how-long-do-americans-stay-in-jobs.htm

as mentioned before, everyone does not choose the same lifestyle or value the same things, there is no one way when it comes to those choices, there is the choice thats best for EACH person's situations





Like I've said before, owning a home doesn't stop you from moving. I moved in with a pilot a few years ago. I rented out my house. That was 6 years ago this month. The same tenant lives there working the same job. The pilot who was working in Elijah now works in N.Y. but still lives in Cartersville. Both our homes increased in value by about $100,000 during this time. That amount of money isn't easily dismissed.

Tom4Uhere's photo
Fri 08/03/18 11:31 AM


When I get value from what I spend my money on, I don't feel I lost that money.
I get value from the place I rent.
It serves my purposes.
I'm actually pretty happy with my choice.

Y'all can look down your noses at me for renting but frankly, I don't give a damn. You don't live behind my eyes.


It's not about looking down noses. When I was renting, I never had any extra money for anything. Rent isn't fixed like a mortgage. I had to come up with a plan to put my money back into my pocket instead of my landlords. If I bought what I own at today's prices I couldn't afford it. When I first bought a home, I still didn't have extra money. That came with time, equity, increased wages vs fixed mortgage and finally paid off mortgage.

Like I already said, my rent hasn't gone up in 5 years. Even if it does, I will continue to stay because I like my place.
I'm on fixed income. I do have the money to live as I choose.
I don't have to spend my limited money on home costs and maintenance.
It works for me and I am content.

msharmony's photo
Fri 08/03/18 11:40 AM



When I get value from what I spend my money on, I don't feel I lost that money.
I get value from the place I rent.
It serves my purposes.
I'm actually pretty happy with my choice.

Y'all can look down your noses at me for renting but frankly, I don't give a damn. You don't live behind my eyes.


I for one understand the perks and obstacles of both so I dont look down on anyone for either choice. By the way, did you get an ad at the top of your screen for buying a home ...lol, sponsors, gotta love 'em.

LOL, I never get any ads on M2 - none.



what? how do you manage that ...lol.

Easttowest72's photo
Fri 08/03/18 11:43 AM



When I get value from what I spend my money on, I don't feel I lost that money.
I get value from the place I rent.
It serves my purposes.
I'm actually pretty happy with my choice.

Y'all can look down your noses at me for renting but frankly, I don't give a damn. You don't live behind my eyes.


It's not about looking down noses. When I was renting, I never had any extra money for anything. Rent isn't fixed like a mortgage. I had to come up with a plan to put my money back into my pocket instead of my landlords. If I bought what I own at today's prices I couldn't afford it. When I first bought a home, I still didn't have extra money. That came with time, equity, increased wages vs fixed mortgage and finally paid off mortgage.

Like I already said, my rent hasn't gone up in 5 years. Even if it does, I will continue to stay because I like my place.
I'm on fixed income. I do have the money to live as I choose.
I don't have to spend my limited money on home costs and maintenance.
It works for me and I am content.


It's sounds like you are in income based housing. Which I have no problem with. But the average person doesn't qualify for that. My daughter was paying $1050 a month in rent before I gave her he house. That's a lot of extra money for her family. I don't know many people on a fixed income making much more than $1050.

msharmony's photo
Fri 08/03/18 11:43 AM



I don't know of anyone who wants to pay rent. Most people are tied to a certain area for work. Buying a home to build equity makes sense. My kids roamed around on the militaries dime for a while before coming home. They need a yard for 2 energetic boys to safely play. My son expresses interest in having a loft, which is fine. But renting one for the rest of his life would be crazy. So he is working on his credit and saving. Different lifestyles can be lived while being a homeowner.



How long do workers stay in jobs? The median length of time on the job for American workers in 2012 is just 5.4 years, according to new research. That's up only slightly from 5 years in 1983, suggesting the idea of a full-career job with one employer and retirement with a gold watch has been a myth for most people

https://www.bizjournals.com/sacramento/.../how-long-do-americans-stay-in-jobs.htm

as mentioned before, everyone does not choose the same lifestyle or value the same things, there is no one way when it comes to those choices, there is the choice thats best for EACH person's situations





Like I've said before, owning a home doesn't stop you from moving. I moved in with a pilot a few years ago. I rented out my house. That was 6 years ago this month. The same tenant lives there working the same job. The pilot who was working in Elijah now works in N.Y. but still lives in Cartersville. Both our homes increased in value by about $100,000 during this time. That amount of money isn't easily dismissed.


ANd if you dont mind the headache of maintaining a rental and depending on someone else to pay you the monthly rent, then that worked well FOR YOU. it is not what happens for everybody and therefore not what is best for everybody.

msharmony's photo
Fri 08/03/18 11:45 AM




When I get value from what I spend my money on, I don't feel I lost that money.
I get value from the place I rent.
It serves my purposes.
I'm actually pretty happy with my choice.

Y'all can look down your noses at me for renting but frankly, I don't give a damn. You don't live behind my eyes.


It's not about looking down noses. When I was renting, I never had any extra money for anything. Rent isn't fixed like a mortgage. I had to come up with a plan to put my money back into my pocket instead of my landlords. If I bought what I own at today's prices I couldn't afford it. When I first bought a home, I still didn't have extra money. That came with time, equity, increased wages vs fixed mortgage and finally paid off mortgage.

Like I already said, my rent hasn't gone up in 5 years. Even if it does, I will continue to stay because I like my place.
I'm on fixed income. I do have the money to live as I choose.
I don't have to spend my limited money on home costs and maintenance.
It works for me and I am content.


It's sounds like you are in income based housing. Which I have no problem with. But the average person doesn't qualify for that. My daughter was paying $1050 a month in rent before I gave her he house. That's a lot of extra money for her family. I don't know many people on a fixed income making much more than $1050.


I have never lived in income based housing, but have also not had my rent go up on me where I rented.