Current Events > Dont buy a house

(+) Yeah! (+)

What if I don't like the idea of paying rent to some crummy landlord all of my life.

Good luck saving up and buying your dream home with cash when you're paying rent higher than mortgage payments

It was cheaper for my wife and I to buy a house (at 5.5%) and put $100/month into a 4% savings account (strictly for repairs/upkeep, we still have our own personal savings) than it is to rent. Not to mention we have almost twice the sq ft, our own personal pool, etc. Rent also continues to skyrocket around us so it's likely going to continue to be cheaper for us for the forseeable future, all while we're building equity.

where can I get a 4% savings account?

Active Posts: 3

Apple

you will, it will just be called property tax

God dammit people why do you constantly bite on such shit bait

What if I don't like the idea of paying rent to some crummy landlord all of my life.

where can I get a 4% savings account?

We used Ally Bank

Horrendous advice

I mean I pay $600 a month for a 3 bedroom house with basement through my landlord. Its just a matter of finding an honest landlord which can be pretty difficult but they are out there.

It was cheaper for my wife and I

Alright yall, don't say I didn't warn you. :/

Counterpoint: I bought a house and don't have to worry about rent or landlord bullshit, plus all the money I paid into the house stays with me instead of being sucked into the rent hole. Good luck saving up and buying your dream home with cash when you're paying rent higher than mortgage payments and regularly jack up the rent on top of that.

If I was single and I could find a cheap rental apartment, that's what I'd do. I have little interest in many home ownership things like doing remodeling, wanting a large space, etc.

I sold my first home for 2.5 times what I paid, made about $180k off the sale. No repairs, only thing I did was update the appliances and put a backslash in the kitchen lol. You don't know what you're talking about.

I'm single and bought a place that's like 950 SF, half on the first floor and half on the second. I rent out the first floor and live on the second. I'm the same way, I don't need a lot of space and don't want anyone living with me. I use that to my advantage though with renting out half the space.

Yes, buy my dream home at the very end of my life, if I even make it long enough to retire.

Even if the mortgages themselves are lower, the fees put them right in line with rents or higher.

but 30 years after buying the house, you'll have a whole house to show for it. vs renting where you have .....