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SVTPerformance's Chain of Restaurants
Road Side Pub
I just can’t convince myself to buy a house.
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<blockquote data-quote="CV355" data-source="post: 16198212" data-attributes="member: 181885"><p>You are overthinking it, but that's what I do with everything so I can't really criticize.</p><p></p><p>If I had to sum it up to a few factors/questions:</p><p>1) Do you want to stay where you are for a long time?</p><p>2) Is the general condition of most affordable homes poor or likely to require substantial repairs?</p><p>3) Is real estate in your area in a bubble, or stable?</p><p></p><p>If I had rented from 2010-2015, I'd have saved well over $40k more than I did from fixing crap and paying less on a mortgage. </p><p></p><p>If you're only finding older homes in those price ranges, I'd question buying too. That's not to say that an older home isn't well built, but let's face it, people don't take care of anything they own anymore. I bought a 10 year old house that was insanely well maintained by the original owners, and everything went to hell on it last year. It happens. </p><p></p><p>The ONLY reason I don't throw in the towel and rent is that the property values are going up as Greenville expands like a bad bacterial infection. </p><p></p><p>It's a risky investment. The positives barely outweigh the negatives.</p></blockquote><p></p>
[QUOTE="CV355, post: 16198212, member: 181885"] You are overthinking it, but that's what I do with everything so I can't really criticize. If I had to sum it up to a few factors/questions: 1) Do you want to stay where you are for a long time? 2) Is the general condition of most affordable homes poor or likely to require substantial repairs? 3) Is real estate in your area in a bubble, or stable? If I had rented from 2010-2015, I'd have saved well over $40k more than I did from fixing crap and paying less on a mortgage. If you're only finding older homes in those price ranges, I'd question buying too. That's not to say that an older home isn't well built, but let's face it, people don't take care of anything they own anymore. I bought a 10 year old house that was insanely well maintained by the original owners, and everything went to hell on it last year. It happens. The ONLY reason I don't throw in the towel and rent is that the property values are going up as Greenville expands like a bad bacterial infection. It's a risky investment. The positives barely outweigh the negatives. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
I just can’t convince myself to buy a house.
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