Anyone here prefer to rent vs owning a house? - Page 4

Flexin · 01-03-2009, 02:26 AM

Quote:

Originally Posted by 2up

That always sounds good in theory, but, as Cori and her husband learned when they couldn't sell their house after buying a bigger one, it doesn't always work that way. Their renters totally screwed them and they were making 2 house payments while looking for new renters or someone to buy their house, which they never found. Totally lame situation.

Your right it doesn't always work out but it is an option for someone that doesn't mind the risks or hassles.

My grandmother built a house her in Nova Scotia years ago. The whole time she was living and working in Detroit. When she retired she came home and redid the house over (well my father did for her). So for her it worked pretty good.

And my buddies in laws moved from Nova Scotia from Ontario and rented the house they owned here. They did it till it was to much of a hassle and then sold it.

Depending on where you live you can also use it as a vacation rental.

James

Cutty72 · 01-03-2009, 11:51 PM

Quote:

Originally Posted by ebbs15

exactly... I just wish I had the initial money to buy a house...

VA loan. no money down.
or first time home buyer loan.

Mr Lefty · 01-04-2009, 12:29 AM

Quote:

Originally Posted by Cutty72

VA loan. no money down.
or first time home buyer loan.

yeah but there are other things you've gotta have... furniture for one... unforeseen expenses too... I'd like to have 10-15k saved up just for emergency situations before I buy... it'd be what i'd need normally for a down payment...

yeah I know I could go down and buy a house right now... but I'd just rather have that buffer

if I was gonna be there longer than 4 years... I'd probably buy anyways...

Cutty72 · 01-04-2009, 01:30 AM

Quote:

Originally Posted by ebbs15

yeah but there are other things you've gotta have... furniture for one... unforeseen expenses too... I'd like to have 10-15k saved up just for emergency situations before I buy... it'd be what i'd need normally for a down payment...

yeah I know I could go down and buy a house right now... but I'd just rather have that buffer

if I was gonna be there longer than 4 years... I'd probably buy anyways...

Furniture is overrated. Plastic walmart lawn chairs FTW!

tached1000rr · 01-04-2009, 01:35 AM

Quote:

Originally Posted by Cutty72

Furniture is overrated. Plastic walmart lawn chairs FTW!

Either that or your family and friends will want to unload all of their old stuff on ya which works out for the time being....

Mr Lefty · 01-04-2009, 01:48 AM

Quote:

Originally Posted by Cutty72

Furniture is overrated. Plastic walmart lawn chairs FTW!

meanwhile I've got a brand new bike sitting in the garage... I like your way of think'n

Quote:

Originally Posted by tached1000rr

Either that or your family and friends will want to unload all of their old stuff on ya which works out for the time being....

it would... except my bro just bought a house about a year ago so my parents old stuff went to him... and my other brother just moved out to Cali and my parents sent what ever was left over from Brian to him...

though my Brother Brian just got engaged and she had a house in Iowa... so maybe I can score a set of furniture from them... which ever set they don't want...

damn you fuckers...

Cutty72 · 01-04-2009, 03:30 AM

Quote:

Originally Posted by ebbs15

meanwhile I've got a brand new bike sitting in the garage... I like your way of think'n

it would... except my bro just bought a house about a year ago so my parents old stuff went to him... and my other brother just moved out to Cali and my parents sent what ever was left over from Brian to him...

though my Brother Brian just got engaged and she had a house in Iowa... so maybe I can score a set of furniture from them... which ever set they don't want...

damn you fuckers...

We are geniuses.

OTB · 01-04-2009, 10:15 PM

Oops...I forgot to mention.....

http://www.federalhousingtaxcredit.com/faq.php

$7500 with 15 yrs to repay, no interest.............

Interest free money.............................from Uncle Sam.............

Tsunami · 01-06-2009, 01:45 AM

Quote:

Originally Posted by ebbs15

meanwhile I've got a brand new bike sitting in the garage... I like your way of think'n

it would... except my bro just bought a house about a year ago so my parents old stuff went to him... and my other brother just moved out to Cali and my parents sent what ever was left over from Brian to him...

though my Brother Brian just got engaged and she had a house in Iowa... so maybe I can score a set of furniture from them... which ever set they don't want...

damn you fuckers...

Freecycle.com or is it .org, u can get so much free stuff there!

01-04-2009, 10:15 PM	#38
OTB The Man Join Date: Feb 2008 Location: CrabTown USA Moto: 00 Bimota DB4 Posts: 823	Oops...I forgot to mention..... http://www.federalhousingtaxcredit.com/faq.php $7500 with 15 yrs to repay, no interest............. Interest free money.............................from Uncle Sam.............