re: 5 Reasons Renting Still Beats Buying

Ok so maintenance costs, A total whopping $150 in 2 years. All of my money will never be tied up in my house. As I stated earlier, your house note or rent note in this case shouldn't cover that much of your salary. My note with escrow included is 1151 a month. The cheapest I could rent a house in the area that I am in would be 900 so yes I will pay an extra 251 per month to be owning something.

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The cheapest I could rent a house in the area that I am in would be 900 so yes I will pay an extra 251 per month to be owning something.

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Apparently you are an idiot.... all you have to do is drive west on I 10 about 60-70 miles and you can buy a house with your said 1150 payment and rent that bad boy out for a minimum of $1530.

What are you thinking?

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So you're willing to forego 45K over the 15 years + any investment gains you would have made on that money + money for major repairs that you WILL eventually have to make?

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I get amazed how people act like their roof, AC, waterheater, pipes, appliances, whatever never go out when factoring in their cost of ownership... they will infer a $250 for 2 years, but when they need $3K for new AC... I doubt they extrapolate that. Accrual accounting for all!

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Accrual accounting for all!

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Voodoo maths.

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Well if you haven't noticed, if you had your money in investments the last 2 years, you are hurting just as bad as if you were in the worst housing market.

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Really I have had capital gains the last 2 years... oh yes I forgot this was all unforseeable. I also note you directed this towards JT who presented the investment opportunity of a lifetime a few years back (to high rollers :P ) based on this exactly happening... but please continue

Listserve from my landlord:

"I have never had a “rental season” where so many leases were renewed so the selection is not as large as normal

As of this notice, only two properties are available for June 1, one for July 1 and several tentatively for August 1."

AVAILABLE JUNE
11 1267 Arlington- 2 Garden District 3BR, 1 BA, LR-DR,Util Room 1123 June 1, 2008 $1,350 Included Yard
12 1612 S. Acadian Garden District 4BR, 2 BA, LR, DR,BK,carport, util shed 2035 June 1, 2008 $1,800 Includes Yard
13 4761 Mimosa Southdowns 4BR,2BA, LR, DR,Kitchen,Laundry,Foyer 2200 June 15, 2008 $2,000

AVAILABLE AUGUST- TENTATIVE LIST ONLY
17 3238 Morning Glory-APT University Gardens 1BR or 2BR, 1 BA, LR-DR,Kit,Den,Office 1000 August 1, 2008 $1,200 Includes water, gas, elect,sewer,yd
18 2365 Honeysuckle Garden District 5 or 4 BR, 2 BA, LR-DR, storage shed 1666 August 1, 2008 $1,800 Includes Yard
19 3437 Hundred Oaks Garden District 6-7 BR, 3 BA, LR, DR, large den, storage, carport 3015 August 1, 2008 $2,400 Includes Yard
20 2377 Honeysuckle Garden District 3BR 1 BA 1100 August 1,2008 $1,300 Includes Yard



please tell me how he isnt making bank?

Just a little

I actually know someone who rents (or used to rent) one of those Hundred Oaks houses.

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Just a little

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It's quite hard to tell, to be honest.