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> I can sell a house faster than I can get out of a lease. Closing on a house = pain. You have inspections, appraisal, loan applications, contingencies, counte
by deckard1 6y ago
> I can sell a house faster than I can get out of a lease.
Closing on a house = pain. You have inspections, appraisal, loan applications, contingencies, counter offers, staging, open houses, closed showings, and at least an entire day of signing papers. It takes nearly a month on average to close on a house. That's not a passive month either. If you're selling, you'll need to vacate your house for showings at whatever day and time is convenient for the buyer. And if you're moving to another house you get to do this twice. I've found an apartment, signed a lease, and moved in in a single weekend before.
You can also find leases shorter than 12 months. And if your landlord isn't a total jerk (or some giant faceless private equity company) then you can usually talk to them as reasonable adults do. Even better if you have a potential replacement lined up for your rental. Breaking a lease isn't a crime. You can do it, if you need to.
- me_me_me 6y agoYou are building a strawman to support your views, and I can as easily build one against the renting. Dealing with landlord is a pain. You have to adhere to contracts often no pets, even putting up a painting is an ordeal. Not to mention rent increases. Owning a house is a bigger responsibility with way bigger rewards and freedoms. Also your rent money is not sucked out into the void.