tag:blogger.com,1999:blog-5003361331769994263.post2163334194736500165..comments2023-09-09T06:38:06.990-06:00Comments on Pulling Ourselves Up Financially: Renting does not avoid the problems of owning a house.Pulling Myself Uphttp://www.blogger.com/profile/03676667648941966869noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-5003361331769994263.post-57375932323774026262014-01-27T08:50:26.408-07:002014-01-27T08:50:26.408-07:00Chris: Insurance.... thats actually a great way of...Chris: Insurance.... thats actually a great way of looking at it. Yeah it gives you peace of mind to not have to worry about those things but you will pay for it in $.<br /><br />Pulling Myself Uphttps://www.blogger.com/profile/03676667648941966869noreply@blogger.comtag:blogger.com,1999:blog-5003361331769994263.post-85837327941929310092014-01-27T06:20:10.428-07:002014-01-27T06:20:10.428-07:00That's a great point. I guess it's almost...That's a great point. I guess it's almost like insurance for the renter where they don't have to worry about the big issues but have to pay a bit more a month for peace of mind.<br /><br />Buying a house is a huge decision and I feel like too many Americans take it lightly and assume that they have to do it. Chris @ Flipping a Dollarhttp://flippingadollar.comnoreply@blogger.comtag:blogger.com,1999:blog-5003361331769994263.post-15242889690675023712014-01-22T13:48:45.017-07:002014-01-22T13:48:45.017-07:00I rented for a number of years too. It has its adv...I rented for a number of years too. It has its advantages and freedom of moving was a huge one for me at that time. And I don't want to say that buying a home is best for everyone. Each family has their own needs and wants. However that is the peace of mind aspect.<br />Guess my point was that financially... renting does not avoid problems because the landlord will calculate it and roll in their costs into rent. Its more of a hidden fee renters are paying.<br /><br />Thanks for the comment.Pulling Myself Uphttps://www.blogger.com/profile/03676667648941966869noreply@blogger.comtag:blogger.com,1999:blog-5003361331769994263.post-24785317150740862412014-01-22T11:41:52.602-07:002014-01-22T11:41:52.602-07:00Hmm, this is a tough one. Owning a home CAN be th...Hmm, this is a tough one. Owning a home CAN be the better financial decision IF you are going to stay there for the long haul. There's just so many issues that pop up all the time that people don't think of. Right now, we're renting, and the dryer went one month (was fixed for ~250) and the AC the next month (another ~250). Guess what? I was able to pay the repair guy and just pay the difference for the rent that month.<br /><br />We know this is a temporary situation but we're not stuck in one place because we own a home. We have a lot more freedom and we actually save/invest the money that we're not putting into property tax/interest/repairs etc.<br /><br />Now, if we lived in a cheaper cost of living area, it might not be true.<br /><br />I also don't like the talk of deductions. You can save a few grand in taxes! WOOHOO! Oh wait, you're still growing your interest WELL ABOVE THAT on the loan! Reminds me of saving 5k on a 30k car. You still bought (or financed) a 30k car. You didn't save squat...<br /><br />But if you're savvy and buy a property at a good value with an area that is pro-renting, you can definitely make some money. I just don't think that using a house as a forced savings bank is a good thing unless you're terrible with your money.Chris @ Flipping A Dollarhttp://flippingadollar.comnoreply@blogger.comtag:blogger.com,1999:blog-5003361331769994263.post-17218566277905946442014-01-20T04:24:32.069-07:002014-01-20T04:24:32.069-07:00Yeah I don't get the lack of interest either. ...Yeah I don't get the lack of interest either. I understand not being able to afford a house. I can also understand wanting a cheap 1 bedroom apartment to free up money for other things in life.<br />I don't get being able to afford it and choosing not too.<br />Pulling Myself Uphttps://www.blogger.com/profile/03676667648941966869noreply@blogger.comtag:blogger.com,1999:blog-5003361331769994263.post-21530119910270359512014-01-19T20:14:30.240-07:002014-01-19T20:14:30.240-07:00The tax deductions alone from financing should mak...The tax deductions alone from financing should make owning one's own place a compelling long term investment. Sure there are ongoing maintenance costs, but I struggle to understand the lack of interest in home ownership among folks. You've got finance commitment whose real value declines over time vs a rental obligation that's rising in real terms. Integratorhttp://financiallyintegrated.comnoreply@blogger.com