Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Intercst, still renting
Old 07-02-2002, 10:45 AM   #1
Dryer sheet wannabe
 
Join Date: Jun 2002
Posts: 20
Intercst, still renting

Intercst, just curious if you are still renting or have decided to buy.

Nobody has beaten the rent vs. buy to death over here, so I figured I better start it

I'm still an avid renter. Only cutting my current rent from $1,420 / month to $625 in August, now that's a return I like.
__________________

__________________
goinfishin is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Intercst, still renting
Old 07-03-2002, 03:26 AM   #2
Recycles dryer sheets
 
Join Date: Jun 2002
Posts: 88
Re: Intercst, still renting

Surely this depends on

a) your personal like/dislikes (i.e. house vs apartment, big vs small)

b) your family size

c) your area's housing/rental market

I have 3 kids, I like my personal space , I purchased when rents where high and prices where low. Unfortunately, renting or buying, transaction costs are higher than index funds and "rebalancing" becomes difficult on a year-by-year basis.
__________________

__________________
TheFIREman is offline   Reply With Quote
Re: Intercst, still renting
Old 07-03-2002, 07:12 AM   #3
Recycles dryer sheets
 
Join Date: Jun 2002
Posts: 248
Re: Intercst, still renting

Yes. I'm still renting with a lease at less than $600/month

intercst
__________________
***** puts the "hoco" in Hoco-mania
intercst is offline   Reply With Quote
Re: Intercst, still renting
Old 07-03-2002, 08:17 AM   #4
Dryer sheet wannabe
 
Join Date: Jun 2002
Posts: 20
Re: Intercst, still renting

Come on Fireman,

It usually takes us much more name calling and spreadsheets before we get the "it's a lifestyle" decision.
__________________
goinfishin is offline   Reply With Quote
Re: Intercst, still renting
Old 07-04-2002, 04:33 AM   #5
Recycles dryer sheets
 
Join Date: Jun 2002
Posts: 88
Re: Intercst, still renting

To be fair, if it wasn't for the kids, I would be renting as well. If rents rise, I could always move to where they were cheap.

Then again, you could turn this on its head and say, "Is buying rental property a good long term investment, and if so, why are you renting ?"

Food for argu .. I mean, discussion.
__________________
TheFIREman is offline   Reply With Quote
Re: Intercst, still renting
Old 07-04-2002, 08:11 AM   #6
Dryer sheet wannabe
 
Join Date: Jun 2002
Posts: 20
Re: Intercst, still renting

Opportunity cost of capital, what else could you do with your money. Of course having looked at my portfolio the last couple years, maybe buying wouldn't be such a bad opportunity

At any rate I couldn't buy the place I am going to be renting for $600 a month in the neighborhood I am moving to. To buy something as cheap would require me to settle for a substandard neighborhood. So yes the landlord is likely making money off of me but in the end my lifestyle dictates where I want to live and the cheapness allows me to save a ton of money that I would not otherwise be able to do if I had to buy in the same area.

Plus, I like the idea of being able to pack up on a whim and move.

__________________
goinfishin is offline   Reply With Quote
Re: Intercst, still renting
Old 07-04-2002, 12:43 PM   #7
Recycles dryer sheets
 
Join Date: Jun 2002
Posts: 88
Re: Intercst, still renting

Quote:
Plus, I like the idea of being able to pack up on a whim and move.
Now that's the bit I like the best! Kids, you're living with grandma for the next 20 years
__________________
TheFIREman is offline   Reply With Quote
Re: Intercst, still renting
Old 07-04-2002, 02:49 PM   #8
Dryer sheet wannabe
 
Join Date: Jun 2002
Posts: 20
Re: Intercst, still renting

[quote=TheFIREman
Now that's the bit I like the best! Kids, you're living with grandma for the next 20 years [/quote]

Being 27 and sinngle that didn't really cross my mind. I am sure the kids won't mind, don't grandmas always spoil grandkids, grandma might not likt the idea though
__________________
goinfishin is offline   Reply With Quote
Re: Intercst, still renting
Old 08-02-2002, 09:31 AM   #9
Confused about dryer sheets
 
Join Date: Aug 2002
Posts: 7
Re: Intercst, still renting

I sold my house a while ago and would rent an inexpensie place now if I was going to stay in one place for awhile. I'd probably just rent a room (if I didn't have dogs) that included utilities and was probably furnished too, as I spend practically zero time at home, don't cook, and entertain at home. This gives me the greatest flexibility for the least cost and would still meet all my needs. I figure all I really need is a bed, a comfortable chair and maybe a desk to write on. Oh yeah, and my own bathroom! Plus by renting a room, I can live in areas that may be nicer than I could afford to live in if I had to pay for full rent alone. If I planned on living somewhere permanently, I'd probably buy a small condo.
__________________

__________________
Cody-Girl is offline   Reply With Quote
Reply

« - | Semi-Retirement? »

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Not permitted to deduct mortgage interest from taxes - mortgage v renting? claire FIRE and Money 12 01-06-2007 04:43 PM
Renting out your home? Gone4Good FIRE and Money 50 11-09-2006 08:37 AM
ER check-up by intercst brewer12345 FIRE and Money 25 05-03-2006 12:07 PM
intercst - typo on your website malakito Other topics 0 03-08-2005 07:09 PM
I'm intercst intercst Hi, I am... 0 06-26-2002 04:15 PM

 

 
All times are GMT -6. The time now is 07:51 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.