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These calculations never seem to include future increases in rent..and the incalculable costs of dealing with shitty landlords or property managers.
by totalrobe 10y ago
These calculations never seem to include future increases in rent..and the incalculable costs of dealing with shitty landlords or property managers.
- kdamken 10y agoYep, those are other factors to take into consideration. There's a give and take for each option. If dealing with landlords is that much worse for you than having to pay for all repairs no matter what, then owning might be a better option. My main issue is that people just think "renting is throwing your money away" and then take on 300k in debt, without considering all the angles.
- unprepare 10y agoor thin walls/nosey or noisy neighbors/environment, pest control, privacy(maintenance has a key and can just come in unannounced), upgrades like HVAC, water systems, electrical work, landscaping, etc are not under your control, limited/shared parking
- kdamken 10y agoTo play devil's advocate - if you have shitty neighbors, it's much better to be renting than owning because it's easier to let your lease expire and find a new place to rent rather than having to consider selling your house.
- deleted 10y ago[deleted]