Owner or Renter

Home Archive Serious Business Owner or Renter
Belly35's avatar

Belly35

Elderly Intellectual

9,716 posts
Jul 25, 2014 7:19 AM
Are you a home owner and how many years?

Are you a renter and how many year have you been renting ( apt or house)?

I've been a home owner for 40 years in that period of time bought and sold three homes.
Jul 25, 2014 7:19am
W

Wally

Senior Member

481 posts
Jul 25, 2014 7:39 AM
Can I be the first to say "Renting is for poor people"

I own my house. Totally.
Jul 25, 2014 7:39am
Fab4Runner's avatar

Fab4Runner

Tits McGee

6,196 posts
Jul 25, 2014 7:42 AM
My boyfriend owns his house. I live there.
Jul 25, 2014 7:42am
B

BR1986FB

Senior Member

24,104 posts
Jul 25, 2014 7:47 AM
I've owned three homes. Two I lived in, one I flipped. I've been in the current house 11+ years.
Jul 25, 2014 7:47am
B

BR1986FB

Senior Member

24,104 posts
Jul 25, 2014 7:47 AM
Fab4Runner;1638750 wrote:My boyfriend owns his house. I live there.
And his cat lives on his lap. ;)
Jul 25, 2014 7:47am
S

Sonofanump

Jul 25, 2014 7:49 AM
I'll own my house in 12 years.
Jul 25, 2014 7:49am
Fab4Runner's avatar

Fab4Runner

Tits McGee

6,196 posts
Jul 25, 2014 7:59 AM
BR1986FB;1638753 wrote:And his cat lives on his lap. ;)
Haha, yes! And my dog is a member of the household as well.
Jul 25, 2014 7:59am
C

Con_Alma

Senior Member

12,198 posts
Jul 25, 2014 8:50 AM
Own outright. Paid off mortgage several years ago.
Jul 25, 2014 8:50am
TedSheckler's avatar

TedSheckler

Emporium Entrepreneur

3,974 posts
Jul 25, 2014 9:02 AM
Squatter
Jul 25, 2014 9:02am
OSH's avatar

OSH

Kosh B'Gosh

4,145 posts
Jul 25, 2014 9:30 AM
Rent-to-owned for 9 months or so. Bought in February. Have only rented before this -- 1 house and 2 apartments in the last 4 years.
Jul 25, 2014 9:30am
Ironman92's avatar

Ironman92

Administrator

49,363 posts
Jul 25, 2014 10:04 AM
We are in our second house now for 11 years. Have never rented.
Jul 25, 2014 10:04am
Automatik's avatar

Automatik

Senior Member

14,632 posts
Jul 25, 2014 10:10 AM
Renter for 10 years running.

I know, I know. #doingitwrong
Jul 25, 2014 10:10am
S

Sonofanump

Jul 25, 2014 10:12 AM
Automatik;1638815 wrote:Renter for 10 years running.

I know, I know. #doingitwrong
Due to your desire to live where you do, I don't think you have a choice.
Jul 25, 2014 10:12am
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
Jul 25, 2014 10:32 AM
Own 2 homes. Bought first in 2005, currently renting it out. Bought current home in 2011.
Jul 25, 2014 10:32am
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
Jul 25, 2014 10:35 AM
If I were to do it all over again, I'd look for a home to rent, as long as the price was reasonable. I'd save and save and save, buy land, and build exactly what I/we wanted. The perks of renting, and never having to pay for something if it breaks, plus having the ability to easily pack up and move away outweigh the perks of owning, IMO.
Jul 25, 2014 10:35am
C

cat_lover

Senior Member

2,388 posts
Jul 25, 2014 10:51 AM
Own. Lived in it 25 years. Paid it off in 15 years.
Jul 25, 2014 10:51am
M

Manhattan Buckeye

Senior Member

7,566 posts
Jul 25, 2014 11:39 AM
Both.

And a landlord.

As others have mentioned, owning a property and having to deal with upkeep is a colossal PITA. If it wasn't for the tax benefit one would have to be nuts to own a home and be on the hook for upkeep and property taxes.
Jul 25, 2014 11:39am
iclfan2's avatar

iclfan2

Reppin' the 330/216/843

6,360 posts
Jul 25, 2014 11:43 AM
Currently getting approved for a mortgage to start the home search. Sticker shock compared to my town in Ohio is a lot to take in though. Nothing nice under $350k for 3br.
Jul 25, 2014 11:43am
M

Manhattan Buckeye

Senior Member

7,566 posts
Jul 25, 2014 11:46 AM
iclfan2;1638858 wrote:Currently getting approved for a mortgage to start the home search. Sticker shock compared to my town in Ohio is a lot to take in though. Nothing nice under $350k for 3br.

Just being int he market, it is ridiculous. There is no middle ground. Either you see a smaller house in a horrible area where you have to wear neutral gang colors or else being in a McMansion in suburban territory.

It was a very frustrating experience.
Jul 25, 2014 11:46am
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
Jul 25, 2014 12:03 PM
The joys of living in a tiny town. Cheap real estate!
Jul 25, 2014 12:03pm
Heretic's avatar

Heretic

Son of the Sun

18,820 posts
Jul 25, 2014 12:21 PM
Rent.

Just works better for me. I'm not that good at "fix-it" home repairs stuff, so upkeep could get expensive. And I always tend to find myself in this "I have so much I want to do with my free time and not enough free time to do it" mindset, so adding things like yard maintenance and the like to my schedule would just be depressing, especially considering how in the past few years, my best friend went from un-married and renting to married with kids and owning and it seems like every few weeks, he's saying something along the lines of "Don't get me wrong; I love my family and life, but I just never have time to myself...sometimes I wish I could just have a few days to just do what I want instead of these obligations!" And I verbally sympathize while mentally thinking "Better you than me, bro!"
Jul 25, 2014 12:21pm
4cards's avatar

4cards

Ohio Chatter Legend

2,551 posts
Jul 25, 2014 12:58 PM
...owned my first house for 10 years and have been in current home for 17 years (paid it off 12 years ago).
Jul 25, 2014 12:58pm
rrfan's avatar

rrfan

Senior Member

1,922 posts
Jul 25, 2014 1:03 PM
Own my house...and own three other houses and a duplex. Have flipped two houses.
Jul 25, 2014 1:03pm
Automatik's avatar

Automatik

Senior Member

14,632 posts
Jul 25, 2014 1:21 PM
Sonofanump;1638817 wrote:Due to your desire to live where you do, I don't think you have a choice.
Right on, but I haven't been here that long..always rented in Ohio.


I'm not against buying, I definitely want to do it in the future for investment/rental purposes. It's just not in the cards right now.
Jul 25, 2014 1:21pm
J

jmog

Senior Member

6,567 posts
Jul 25, 2014 2:33 PM
Bought our house 8 years ago, still paying on it.

30 year mortgage but have a plan to have it paid off in 15.
Jul 25, 2014 2:33pm