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Started By
Message
re: Renting vs owning
Posted on 4/8/13 at 11:00 am to lynxcat
Posted on 4/8/13 at 11:00 am to lynxcat
quote:
You cannot make this statement as a fact. There are too many variables.
I understand your point, but lets assume that everyone eventually would prefer to own. I would assume that no one wants to be a renter for their whole life. With that assumption, this is unquestionably the best time to buy that we will probably ever see.
2
Posted on 4/8/13 at 11:05 am to Bear Is Dead
I have a couple basic questions about this. I'm in college and not sure which to do after college.
How much is a normal down payment (what percentage)?
What other costs are associated with owning? (Besides obvious maintenance)
What would be the minimum length of time you stay somewhere to own?
For example, I'm going to be a minister and might be at 3-5 churches throughout my life. And you can't move if your house doesn't sell.
How much is a normal down payment (what percentage)?
What other costs are associated with owning? (Besides obvious maintenance)
What would be the minimum length of time you stay somewhere to own?
For example, I'm going to be a minister and might be at 3-5 churches throughout my life. And you can't move if your house doesn't sell.
Posted on 4/8/13 at 10:37 pm to Bear Is Dead
quote:
I understand your point, but lets assume that everyone eventually would prefer to own. I would assume that no one wants to be a renter for their whole life. With that assumption, this is unquestionably the best time to buy that we will probably ever see.
FWIW, the implications of the down payment issue is that ideally you wouldn't own until you retire, or close to it.
At least from a straight up finance standpoint.
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