Big decision - home own vs. rent with a twist!

[boefixepa]

Sometimes it is necessary to sacrifice current wants for future goals. Try presenting to your wife what you could do in the future if, for the next few years, you live in an apartment. It can be for some hard to think of the big picture, but that really looks like the best thing for you at the moment.

[Liz_nhbs]

I think...rentals are such a waste of money and time...try posting a little bit of info with regards to your problem...but if you ask me...rentals really a waste of money..it would cost you much...

[disneysteve]

Originally Posted by Liz_nhbs

I think...rentals are such a waste of money and time

That is a very oversimplified way of looking at things. There are plenty of situations in which renting makes more sense than buying. Perhaps you aren't sure if you will be staying in the area. Maybe you don't have enough of a downpayment saved. Maybe, like now, prices are on the decline in many areas and waiting a few months or a year could save you thousands of dollars in the long run.

To say that anyone who is renting is wasting money just isn't accurate.

[dcox20]

Originally Posted by disneysteve

That is a very oversimplified way of looking at things. There are plenty of situations in which renting makes more sense than buying. Perhaps you aren't sure if you will be staying in the area. Maybe you don't have enough of a downpayment saved. Maybe, like now, prices are on the decline in many areas and waiting a few months or a year could save you thousands of dollars in the long run.

To say that anyone who is renting is wasting money just isn't accurate.

I think they're more talking about being a landlord than being a renter. maybe I misread it though?

[disneysteve]

Originally Posted by dcox20

I think they're more talking about being a landlord than being a renter. maybe I misread it though?

Oops. You're correct. My mistake.

FWIW, I don't agree with it in that sense either. I don't think you should rent your home, as I've said earlier, but I don't think renting in general is a bad idea. I think it totally depends on the situation and the people involved.