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Old 10-18-2015, 06:57 PM   #21
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It depends on the area. In high COL area, it makes sense to own but not so much in areas that house price is depressing.


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Old 10-18-2015, 09:23 PM   #22
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Yep, it depends on a lot of things. Your problem, not ours.
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Old 10-19-2015, 08:39 AM   #23
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Since my late 20's I have always own my own home(s) and until recently I thought that's the way it would be until I "depart". However, I'm beginning to wonder how long I'll be able (physically) to maintain my own home/property the way I like it. If we ever move back to civilization from the "open country" I may give renting a try. Or, maybe I'll just buy again in "the city" and just pay folks to maintain it like I want. Something to think about in the future.

If I'm renting and I don't like the level of maintenance, I'll just pack up and move again. (Although I hate moving)
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Old 10-19-2015, 08:54 AM   #24
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Originally Posted by Car-Guy View Post
Since my late 20's I have always own my own home(s) and until recently I thought that's the way it would be until I "depart". However, I'm beginning to wonder how long I'll be able (physically) to maintain my own home/property the way I like it. If we ever move back to civilization from the "open country" I may give renting a try. Or, maybe I'll just buy again in "the city" and just pay folks to maintain it like I want. Something to think about in the future.

If I'm renting and I don't like the level of maintenance, I'll just pack up and move again. (Although I hate moving)
It's possible that when you are aged, you may find it fairly easy to pick up your cell phone while sitting in your easy chair, and call someone to do whatever maintenance is needed at that time. In fact, that might conceivably be easier for you than moving from one home to another. Just a thought... Personally I don't ever want to move again because I thought it was pretty hard as a senior. Even with help, there is so much physical work to be done.
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Old 10-19-2015, 09:03 AM   #25
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It's possible that when you are aged, you may find it fairly easy to pick up your cell phone while sitting in your easy chair, and call someone to do whatever maintenance is needed at that time. In fact, that might conceivably be easier for you than moving from one home to another. Just a thought... Personally I don't ever want to move again because I thought it was pretty hard as a senior. Even with help, there is so much physical work to be done.
That's my primary line of thinking "at this time". However, I'll need to make "one more move" back to a large town or small city since getting much help of any kind out here can be an issue. Hopefully that's still a ways out before I need to cross that bridge.
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Old 10-19-2015, 09:09 AM   #26
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That's my primary line of thinking "at this time". However, I'll need to make "one more move" back to a large town or small city since getting much help of any kind out here can be an issue. Hopefully that's still a ways out before I need to cross that bridge.
That move shouldn't be too tough! You'll probably get that done before you are too old anyway. I was just thinking about the move after move that I thought was implied when you said the sentence that I put in bold:
Quote:
Originally Posted by Car-Guy View Post
Since my late 20's I have always own my own home(s) and until recently I thought that's the way it would be until I "depart". However, I'm beginning to wonder how long I'll be able (physically) to maintain my own home/property the way I like it. If we ever move back to civilization from the "open country" I may give renting a try. Or, maybe I'll just buy again in "the city" and just pay folks to maintain it like I want. Something to think about in the future.

If I'm renting and I don't like the level of maintenance, I'll just pack up and move again. (Although I hate moving)
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Old 10-19-2015, 09:15 AM   #27
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We are mulling over the same decision. I just posted this on the other rent vs own poll thread:

When we retire in a few years (hopefully!), I keep telling myself that we will sell our house here in AL and rent in FL first to learn the local area better before perhaps buying. We learned our lesson when we first moved to AL from PA; we bought right away and then discovered after living there a while that we didn't like that location very much.

We had to go on assignment for DH's job for several years, so we ended up turning that townhouse into a rental. When we moved back here we decided to keep it as a rental, while we bought our current home in a location we like much better.

If our current renter moves out when the lease is up 6 months from now, we are considering selling our rental and buying something in FL that we rent out until we move there...but still need to investigate the tax consequences of moving into your rental.
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