James and I are at a critical crossroad in our habitat situation: Rent or Buy. We've always been big fans of renting; with our lifestyles it's just made sense. But we've gotten to a point (my new job) where buying is looking better and better everyday. But as we crunch numbers, look at properties and pretend like we know what we are doing... we can't help to think how easy it would be to just sign another lease.
We understand the long term benefits of buying, but the short term benefits of renting just look so inviting.
So I'm making my pros and cons list...
Pros of Renting
Ease of the Gypsy Life - Feel like moving? Do it.
No Maintenance
No Surprise Expenses
No Maintenance
Cons of Renting
No Equity
Pros of Buying
Equity
The Potential of Eventually Up selling
Freedom of Design
Feeling Grown-up
Cons of Buying
Commitment
Maintenance
Responsibility
Commitment
Surprise Busted Water Heater
Taxes
Commitment
Feeling Grown-up
Yikes.
1 comment:
istate.eduwelcome to the adult world of home ownership!!!
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