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-   -   do you rent or own your home? (https://gfy.com/showthread.php?t=212668)

brand0n 12-24-2003 08:55 AM

do you rent or own your home?
 
just wondering what % rent vs who owns

im buyin my 1st home the 1st of the year so right now im renting

some_idiot 12-24-2003 09:03 AM

Own.

Don't let anyone tell you it's cheaper than renting though.
People always forget the land taxes, and extras that renters
don't pay. Atleast I've got something to show for my money
though.

Tala 12-24-2003 09:04 AM

Rent until I can save enough money for the 100% down home-buying plan. :)

Rick O'Shea 12-24-2003 09:48 PM

We just purchased a new 2700 sq foot home with an in ground pool and spa. Its a lot of room for us but the house allows us to use it as a very large studio/office and nothing beats real estate investment wise!

MuleScrote 12-24-2003 10:04 PM

Own...

And building a lovely new house this spring :thumbsup

baddog 12-24-2003 10:20 PM

own

baddog 12-24-2003 10:22 PM

Quote:

Originally posted by Tala
Rent until I can save enough money for the 100% down home-buying plan. :)
are you nuts? why wait until you can pay cash? Home interest is a great tax write off for middle income families

baddog 12-24-2003 10:24 PM

Quote:

Originally posted by some_idiot
Own.

Don't let anyone tell you it's cheaper than renting though.
People always forget the land taxes, and extras that renters
don't pay. Atleast I've got something to show for my money
though.

you must have just bought then, because my house payments have always been lower than the local rent, except for maybe the first 6 months of my first home. Even then it was pretty close.

tony286 12-24-2003 10:46 PM

rent would rather put the money back into the business.

SleazyDream 12-24-2003 10:52 PM

4% mortage - I just re financed my home to 70% of assessed value and dumped it into investment funds. the funds are 100% capital guarenteed in 10 years - no risk other the on the interest on the mortage.

nice to get a 4% loan to play the market with.....

gornyhuy 12-24-2003 10:55 PM

Quote:

Originally posted by SleazyDream
4% mortage - I just re financed my home to 70% of assessed value and dumped it into investment funds. the funds are 100% capital guarenteed in 10 years - no risk other the on the interest on the mortage.

nice to get a 4% loan to play the market with.....

Same here - 4.25% so sweeeet.
Own, with the intention of acquiring more real estate aside from primary residence soon....

BradShaw 12-24-2003 11:10 PM

Rent is rarely a wise move. I rented in AZ a while back, of course I was not sure how long I would be there, so it was a good choice.

CDSmith 12-24-2003 11:14 PM

My home has been OWN3D by me since '95. I also own rental property, which I highly recommend getting into. If run correctly it is a great source of ongoing income.

baddog 12-24-2003 11:15 PM

Quote:

Originally posted by CDSmith
My home has been OWN3D by me since '95. I also own rental property, which I highly recommend getting into. If run correctly it is a great source of ongoing income.
now those can be some reliable rebills. :thumbsup

PersianKitty 12-24-2003 11:20 PM

Own.. and all mine in January. Interest write-off doesn't help me enough to bother with a loan any more.

ItBurnsWhenIpee 12-24-2003 11:21 PM

I rent an apartment because in sourthern california if you want to pay a $1300 a month (my rent) mortgage, you're going to be in a shithole house.

Vox 12-24-2003 11:22 PM

Own, mortgage free for over a year.

shepherd 12-24-2003 11:24 PM

Own 2, live in one and the other is rented, sold another and financing it for a little cash-flow. Planning to get another one or two this year (2004)


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