Quote:
Originally posted by Cathy:
The problem is, when you rent, you have nothing to show for it in the end.
And my landlord is a sleazy scuzball.
|
This is very true and something I've given thought to as well, but it does have it's perks if you have a good landlord - such as you don't have to come up with a down payment or finance major repairs. I'm lucky to have a great landlord who completely leaves me alone unless I call with a problem - which he tends to immediately (at least I assume he will - I've only had to call once and he was right there to fix it).
When I first started looking to give up apartment life, I thought about buying, but with the max I could come up with as a down payment, my monthly mortgage payment would have been twice my monthly rent (for a similar size house and lot) and I can't afford twice my monthly rent on a single income. Sometimes ya gotta do what ya gotta do even if it only benefits the short term