Cheap Rent or Cheap Travel

RonBoyd · 01-07-2009, 10:20 AM

If you could live in a large, beautiful home without a mortgage for only $500 a month, would you?

For Rent: $500/Month Premier Homes | Zillow® Blog

Luxury for just a few months or while waiting to find the perfect home to buy. If you got nothing better to do...

**Want2retire** · 01-07-2009, 10:31 AM

I'd rather live in a studio apartment that didn't have to be staged and perfect for real estate showings all the time! An apartment might be smaller, but at least I could kick back and relax, and put MY stuff in it (most of which would give stagers a heart attack, I'm sure).

Moemg · 01-07-2009, 10:35 AM

I'd pass . You are providing a service plus your furniture so I think it should be free after all you will have to deal with annoying house showings and open houses .

FUEGO · 01-07-2009, 12:02 PM

I might do it if the market rent were $5000-$10,000 or more and I really wanted to stay in that particular place in that particular geographic location. With utility bills plus the $500 rent, plus staging with furniture and move in/move out expenses, it doesn't seem like a good idea otherwise. I'd probably rather rent a more modest place for $1000 or $1500 a month wherever I was going if I wanted to stay somewhere long term.

Caroline · 01-07-2009, 02:40 PM

huh? Where am I going to get enough furniture to fill a house like that?

FUEGO · 01-07-2009, 02:43 PM

Quote:

Originally Posted by Caroline

huh? Where am I going to get enough furniture to fill a house like that?

You can rent it. I sort of figured that is what I would do if I were to "house manage" for a few months. The cost certainly adds up though.

That's the hitch - if I'm paying $500 rent, $500 for furniture rentals and $500-1000+ for utilities, am I really that much better off than just getting a more affordable short term rental?

NW-Bound · 01-07-2009, 05:36 PM

I read a similar article someplace else. My reaction was that it was not worth it. I like my messy house that I call my own, and not having to feel like fish in a bowl. In addition, you would have to move frequently. Not worth it.

Urchina · 01-07-2009, 11:52 PM

Quote:

Originally Posted by NW-Bound

I read a similar article someplace else. My reaction was that it was not worth it. I like my messy house that I call my own, and not having to feel like fish in a bowl. In addition, you would have to move frequently. Not worth it.

I agree, having to move frequently would be a killer for me. And since you're moving furnishings, ugh, what a hassle. Not cheap. Not easy. Not pleasant. Who does this?

Urchina · 01-07-2009, 11:54 PM

Quote:

Originally Posted by NW-Bound

I read a similar article someplace else. My reaction was that it was not worth it. I like my messy house that I call my own, and not having to feel like fish in a bowl. In addition, you would have to move frequently. Not worth it.

I agree, having to move frequently would be a killer for me. And since you're moving furnishings, ugh, what a hassle. Not cheap. Not easy. Not pleasant. Who does this? Suckers, I think. The owner of the house is getting a live-in caretaker who brings their own (presumably appropriate) furniture, cleans the house, shows the house, and packs up and moves out when the house is sold -- and they also get $500/month or so in INCOME from this person.

Usually, you have to pay furniture rental, pay cleaners, and pay the mortgage. Sounds like a sweet deal to me -- for the owners.

01-07-2009, 10:20 AM	#1
RonBoyd Full time employment: Posting here. Join Date: Dec 2007 Location: Denver, Colorado Posts: 887	Cheap Rent or Cheap Travel If you could live in a large, beautiful home without a mortgage for only $500 a month, would you? For Rent: $500/Month Premier Homes \| Zillow® Blog Luxury for just a few months or while waiting to find the perfect home to buy. If you got nothing better to do... __________________ "It's tough to make predictions, especially when it involves the future." ~Attributed to many "In theory, there is no difference between theory and practice. But, in practice, there is." ~(perhaps) Yogi Berra "Those who have knowledge, don't predict. Those who predict, don't have knowledge."~ Lau tzu

01-07-2009, 10:31 AM	#2
Want2retire Moderator Join Date: Jan 2007 Location: New Orleans Posts: 8,360	I'd rather live in a studio apartment that didn't have to be staged and perfect for real estate showings all the time! An apartment might be smaller, but at least I could kick back and relax, and put MY stuff in it (most of which would give stagers a heart attack, I'm sure). __________________ Dreaming of retirement....128 days " - - my greatest skill has been to want but little - - " (Henry David Thoreau, in Walden)

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01-07-2009, 10:35 AM	#3
Moemg Thinks s/he gets paid by the post Join Date: Jan 2007 Location: Sarasota,fl. Posts: 4,100	I'd pass . You are providing a service plus your furniture so I think it should be free after all you will have to deal with annoying house showings and open houses .

01-07-2009, 12:02 PM	#4
FUEGO Thinks s/he gets paid by the post Join Date: Nov 2007 Posts: 1,784	I might do it if the market rent were $5000-$10,000 or more and I really wanted to stay in that particular place in that particular geographic location. With utility bills plus the $500 rent, plus staging with furniture and move in/move out expenses, it doesn't seem like a good idea otherwise. I'd probably rather rent a more modest place for $1000 or $1500 a month wherever I was going if I wanted to stay somewhere long term.

01-07-2009, 02:40 PM	#5
Caroline Full time employment: Posting here. Join Date: Mar 2005 Posts: 915	huh? Where am I going to get enough furniture to fill a house like that?

01-07-2009, 05:36 PM	#7
NW-Bound Thinks s/he gets paid by the post Join Date: Jul 2008 Posts: 1,464	I read a similar article someplace else. My reaction was that it was not worth it. I like my messy house that I call my own, and not having to feel like fish in a bowl. In addition, you would have to move frequently. Not worth it.

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