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Niagara

(7,853 posts)

20. There's not a "one size fits all" for each individual.

Thu Apr 25, 2024, 11:46 AM

Apr 25

Everyone is different and has different needs.

I'm not going to list them all but there's also an extensive list of advantages and disadvantages to both renting and buying a home.

I've been watching a frequent amount of earthship built, cob built, and tiny house YouTube videos. There's do many options available and again, another list of advantages and disadvantages for each.

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Anyone else only rent? [View all] XanaDUer2 Apr 25 OP

I don't think there is a right or wrong. jimfields33 Apr 25 #1

My cousin lists XanaDUer2 Apr 25 #2

How about 25K for a roof and 8.5 grand for HVAC. jimfields33 Apr 25 #3

Gulp XanaDUer2 Apr 25 #4

I know. Enjoy renting and you are NOT a loser! jimfields33 Apr 25 #5

Fans and wet towels in summer; tiny electric space heater when needed. quaint Apr 25 #34

You get tons of tax write-offs for those expenses though which means a big refund check yearly... brush Apr 25 #7

That is untrue. I didn't get a tax write off for roof or HVAC jimfields33 Apr 25 #8

You've got to get a new accountant. Such expenses are write-off-able. brush Apr 25 #11

Thanks. I definitely will look into this. jimfields33 Apr 25 #24

Write-offs on your personal house TexasBushwhacker Apr 25 #38

You don't get a tax write off unless it's investment property. we can do it Apr 25 #15

Who told you that? Your home is an investment and your... brush Apr 25 #21

The interest on your mortgage is deductible TexasBushwhacker Apr 25 #39

In other words, you get quite a few deductions from ownership, that you don't get from renting. brush Apr 25 #42

Owning a home is certainly worth it TexasBushwhacker Apr 25 #43

Paid my mortgage off before I turned 60. MichMan Apr 25 #6

Same here. we can do it Apr 25 #16

Same here DBoon Apr 25 #33

I sold my last house about 8 years ago. Just when prices were beginning to skyrocket captain queeg Apr 25 #9

Thank you XanaDUer2 Apr 25 #10

Yep it's always something. The only advantage is the mortgage stays the same. captain queeg Apr 25 #18

for me it's not so much the money, it's finding good help. mopinko Apr 25 #41

I have rented most of my life, paid mortgages on property but personally received no equity sanatanadharma Apr 25 #12

Hopefully, we can find a cheap condo XanaDUer2 Apr 25 #14

Well, good luck on finding that cheap condo. The monthly condo fee could eat up any savings you might score. SWBTATTReg Apr 25 #31

I had a Chinese girlfriend that used to talk about "house slaves". captain queeg Apr 25 #23

A house ties you down if bad neighbors move in, you want a cbabe Apr 25 #13

Honestly I have lived in the same place for 30 years and rented Walleye Apr 25 #17

Thank you XanaDUer2 Apr 25 #19

I'm pretty sure I couldn't take care of the house by myself. And every time I thought I might, somebody said $7000 roof Walleye Apr 25 #35

There's not a "one size fits all" for each individual. Niagara Apr 25 #20

Homeownership enid602 Apr 25 #22

I'll add one more advantage of renting that I've been thinking about lately captain queeg Apr 25 #25

I'm thinking about dual citizenship nt XanaDUer2 Apr 25 #26

My house has been an albatross for many years now, JenniferJuniper Apr 25 #27

Yes XanaDUer2 Apr 25 #28

I rent. I'm 63 and have artificial knees, hips and shoulders. By the time I was 35 I really didn't want to deal with brewens Apr 25 #29

Neither of us can do yardwork XanaDUer2 Apr 25 #30

Made money from houses bought and lived in Chalco Apr 25 #32

XanaDUer2............. Upthevibe Apr 25 #36

This is me XanaDUer2 Apr 25 #37

XanaDUer2 ......... Upthevibe Apr 25 #44

I have a house but Elessar Zappa Apr 25 #40