One thing everyone seems to miss is he said "Why I Am Never Going To Own A Home Again" he doesn't say you should not buy! I feel like a lot of you owning is because you are tied to the community or hate seeing underdeveloped overpriced rentals with outdated appliances poorly built and ugly windows and doors which you can in most cases not replace or paint! And the rent overpriced! You might want to do what I did. I bought a house on a street of 16 homes all the same builder and same style mine $171300.00 just over a few months the home across the street sold for $230,000 and the one next door also did the same and then it rented for $1650.00 a month my payment is just over $1100.00 a month so now after 3 years I would theoretically have $19,800 in the bank to fix things with!
Ya one other thing I could not afford $1650.00 a month. I forgot my house is over 200 sq ft bigger and my lot is 5000 sq ft bigger. I may have been fortunate but in most cases rent is more than owning. Unless you want or buy more than you need or can really afford and overextend yourself! If you compare the same rental with what you want in it and it is not a house you can't afford with a rental you can afford you will see the true cost of owning over renting. Did you notice he said one rental he had I believe overlooked the stock exchange. That being true I can't imagine what it must have been also was not a normal rental most of us could afford! So if he can afford that moving every few months does not mean as much to him as it does to us. Sounds like he rents furnished in high end areas and just has to pack a bag or so to move? Also sounds like money is not as much as a concern for him either. I also know that when I do sell I will have as much or more money than went I went in where if you rent most are lucky to get the deposit or part of it when they leave!
Latest Comments
Why I Am Never Going To Own A Home Again
One thing everyone seems to miss is he said "Why I Am Never Going To Own A Home Again" he doesn't say you should not buy! I feel like a lot of you owning is because you are tied to the community or hate seeing underdeveloped overpriced rentals with outdated appliances poorly built and ugly windows and doors which you can in most cases not replace or paint! And the rent overpriced! You might want to do what I did. I bought a house on a street of 16 homes all the same builder and same style mine $171300.00 just over a few months the home across the street sold for $230,000 and the one next door also did the same and then it rented for $1650.00 a month my payment is just over $1100.00 a month so now after 3 years I would theoretically have $19,800 in the bank to fix things with!
Ya one other thing I could not afford $1650.00 a month. I forgot my house is over 200 sq ft bigger and my lot is 5000 sq ft bigger. I may have been fortunate but in most cases rent is more than owning. Unless you want or buy more than you need or can really afford and overextend yourself! If you compare the same rental with what you want in it and it is not a house you can't afford with a rental you can afford you will see the true cost of owning over renting. Did you notice he said one rental he had I believe overlooked the stock exchange. That being true I can't imagine what it must have been also was not a normal rental most of us could afford! So if he can afford that moving every few months does not mean as much to him as it does to us. Sounds like he rents furnished in high end areas and just has to pack a bag or so to move? Also sounds like money is not as much as a concern for him either. I also know that when I do sell I will have as much or more money than went I went in where if you rent most are lucky to get the deposit or part of it when they leave!