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Re: Home vs Rent - Expenses Only
Old 09-07-2004, 05:04 PM   #21
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Re: Home vs Rent - Expenses Only

Uhh...can we settle on passing around a case of beer?
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Re: Home vs Rent - Expenses Only
Old 09-08-2004, 01:06 PM   #22
Give me a museum and I'll fill it. (Picasso)
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Re: Home vs Rent - Expenses Only

I think all around we have a good case of the downside of these sorts of conversations...you never know where the motivations, facial expressions, pre-coffee, post cocktail hour, moodiness, and personality inflections start and end.
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Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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Re: Home vs Rent - Expenses Only
Old 09-08-2004, 03:56 PM   #23
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Re: Home vs Rent - Expenses Only

Glad to see some genuine exchange of differing opinion! No offense taken, and I know lots of communities are different. A few more shots on this topic:

For anyone on this board who thinks they don't contribute to a community, in my opinion your participation here is a vital and (in many cases) daily commitment to a community -- albeit online -- and for some people would seem to border on part-time employment!

I was deeply affected by having viewed American Beauty a few years back and wake up many mornings saying to myself, how can I do something today to make sure our town never becomes like that place. (ax murderer living next door but no one knew, no community institutions, churches, PTO's whatever)

I know its not everybody's bag and I rsepect that. But if you don't make a long-term commitment to the community, then it makes sense that the community might not make a long-=term commitment back to you.

However, 'renters' are definitely accepted in our town for as much community work as they might want to participate in, --doors just close at the higher levels. (city council, positions on board of directors etc.) Minor stuff in the scheme of things!

Most everything I've done in the community sphere brings plenty of pain along with any bits of 'love'. My conclusion: If you want love, get a dog!

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Re: Home vs Rent - Expenses Only
Old 09-09-2004, 12:11 PM   #24
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Re: Home vs Rent - Expenses Only

To answer the question more directly, using the numbers on MSN Money for last 12 months (actual bill payment more reliable than what I think I pay):

Gardeners: 1420
Insurance: 1591
Remodeling: 12507
Prop Tax: 2128
Total: 17,646

If I didn't get the remodeling bug in retirement: 5139 translates to 428.25 monthly

I do not do my own gardening or remodeling projects.

Cost to rent a similar 4 bedroom home on a 1/3 acre in the SF Bay Area <Walnut Creek>: (yes, I want an office, guest room, and music room in addition to the standard bedroom. And I'm thinking that I need a room for art projects as well.) 2250 - 2995 according to Craigslist.

So I save at least 1821.75 by owning the home ... not counting the appreciation and satisfaction of being able to paint it whatever color I want. No, I don't get a tax write-off as it is fully paid for.
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