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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="Grabber" data-source="post: 16198763" data-attributes="member: 70485"><p>There are pros and cons to both.</p><p></p><p>Renting Pros:</p><p></p><p>Little to no maintenance costs</p><p>No property taxes (included in your price of rent)</p><p></p><p>Renting Cons:</p><p></p><p>No equity</p><p>Cannot modify or change the interior/decorate 99% of the time</p><p>Paying someone else's mortgage </p><p>Cannot truly call it your own</p><p></p><p>Owning Pros:</p><p></p><p>Equity after 4-6 years</p><p>Do what you want to your house</p><p>Actually being able to call it your own</p><p>Not losing money paying someone else's mortgage</p><p>Tax breaks/write-offs</p><p></p><p></p><p>Owning Cons:</p><p></p><p>Maintenance costs</p><p>Landscaping/Snow Removal</p><p>Property Taxes</p><p></p><p>Rentin to me is still the worst option. It is truly money wasted unless you rent-to-buy. I rented for close to 10 years before buying my home. If I had to do the math, I probably paid over $150,000 in rent alone that I will NEVER get back. THAT is a huge number.</p></blockquote><p></p>
[QUOTE="Grabber, post: 16198763, member: 70485"] There are pros and cons to both. Renting Pros: Little to no maintenance costs No property taxes (included in your price of rent) Renting Cons: No equity Cannot modify or change the interior/decorate 99% of the time Paying someone else's mortgage Cannot truly call it your own Owning Pros: Equity after 4-6 years Do what you want to your house Actually being able to call it your own Not losing money paying someone else's mortgage Tax breaks/write-offs Owning Cons: Maintenance costs Landscaping/Snow Removal Property Taxes Rentin to me is still the worst option. It is truly money wasted unless you rent-to-buy. I rented for close to 10 years before buying my home. If I had to do the math, I probably paid over $150,000 in rent alone that I will NEVER get back. THAT is a huge number. [/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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