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Bossbailey34
Georgia Fan
South carolina
Member since Aug 2018
1343 posts

Is it better to rent or buy a house
??


BeerMoney
LSU Fan
Baton Rouge
Member since Jul 2012
4962 posts

re: Is it better to rent or buy a house
Money board baw. Never rent anything unless it flies, fricks or floats.
This post was edited on 7/9 at 8:10 am


Festus
LSU Fan
With Skillet
Member since Nov 2009
81364 posts

re: Is it better to rent or buy a house
How long do you plan to stay there?


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60
MrJimBeam
New Orleans Saints Fan
Member since Apr 2009
2752 posts
 Online 

re: Is it better to rent or buy a house
Every location, situation is different. What an asinine blanketed statement.


OysterPoBoy
LSU Fan
BR
Member since Jul 2013
15510 posts

re: Is it better to rent or buy a house
Even if you buy it you're still renting it from the govt.


GreatLakesTiger24
New Orleans Pelicans Fan
Member since May 2012
35532 posts
 Online 

re: Is it better to rent or buy a house
It’s better to buy a trailer


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111
Festus
LSU Fan
With Skillet
Member since Nov 2009
81364 posts

re: Is it better to rent or buy a house
quote:

Never rent anything unless it flies, fricks or floats.

Man, I gotta strongly disagree. If you are wanting a short term place to stay, renting a house is way to go. Learned that from experience with fiancee'. She bought a small place after the flood, brand new house, first occupant. Now, 2 years later, selling. When you factor in the realtor commissions, it's a losing proposition.

Much better to rent if you're not committed to living there at least 5 years, IMO.


Mingo Was His NameO
LSU Fan
DFW/NELA
Member since Mar 2016
12433 posts
 Online 

re: Is it better to rent or buy a house
Depends but inb4 a bunch of financial illeterates tell you rent is throwing money away


VolsOut4Harambe
Atlanta Braves Fan
Atlanta, GA
Member since Sep 2017
2935 posts

re: Is it better to rent or buy a house
quote:

Georgia fan


Trailers are pretty cheap to buy so you should be good.


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SlowFlowPro
Stanford Fan
Simple Solutions to Complex Probs
Member since Jan 2004
366794 posts

re: Is it better to rent or buy a house
quote:

Much better to rent if you're not committed to living there at least 5 years, IMO.


i think this is likely too small but 2 years at the ABSOLUTE minimum (for tax reasons)

and his comment is wrong anyway. it's you ONLY rent/lease if it flies, fricks, or floats.


BeerMoney
LSU Fan
Baton Rouge
Member since Jul 2012
4962 posts

re: Is it better to rent or buy a house
I agree with that. Blanket assertions like mine are never correct. It was just fun to type.


GreatLakesTiger24
New Orleans Pelicans Fan
Member since May 2012
35532 posts
 Online 

re: Is it better to rent or buy a house
Blanket statements re: finances are my personal fyre fest


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32
BabyTac
Louisiana Tech Fan
Austin, TX
Member since Jun 2008
5976 posts

re: Is it better to rent or buy a house
Renting is a smart option if you’re young regardless of what anyone says. Most likely your life situation will change (family, job, desires) and a house can really become a burden.

Costs of owning a home (interest payments, insurance, higher utility bills, home improvements, home maintenance, property taxes, closing costs, longer commutes in general, etc.)

Renting is a fairly cheap lifestyle, and you don’t have to worry about shite and can typically get in an area more convienant to work/activities. If your life situation changes or other opportunities come along, you can easily just walk away.

I wouldn’t recommend buying a house to anyone under 30. Treat it like a marriage.
This post was edited on 7/9 at 8:21 am


Auslander
The Bywater
Member since Jun 2019
189 posts

re: Is it better to rent or buy a house
Depends on too many variables that you haven't provided. Don't be freaking lazy; do your research.

Use this as a starting guide NY Times: Better to Rent or Buy


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stelly1025
LSU Fan
Lafayette
Member since May 2012
3725 posts

re: Is it better to rent or buy a house
Depends on your situation...


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Hammertime
UNO Fan
Will trade dowsing rod for titties
Member since Jan 2012
42982 posts

re: Is it better to rent or buy a house
I wish I rented every weekend cutting grass, or when something breaks and I have to fix it. Other than that, I enjoy being able to do whatever I want to my house knowing that it has been making me money just sitting here. It would suck knowing my money was going nowhere.

If you're really busy or not handy at all, rent


Festus
LSU Fan
With Skillet
Member since Nov 2009
81364 posts

re: Is it better to rent or buy a house
quote:

i think this is likely too small but 2 years at the ABSOLUTE minimum (for tax reasons)


I always thought 2 years and that's probably correct, 2 years as a minimum. But she was there over 2 years and still having to come up with cash at closing.

A lot depends on the market. In BR and surrounding area, the market is pretty soft. So paying 2 house notes for over a year has been miserable.

With the market where it is now, I'd say minimum 2 years, but personally, it would be closer to 5 for me. If it's a good sellers market and expected to remain that way, that number goes down.


lsu13lsu
Member since Jan 2008
6856 posts

re: Is it better to rent or buy a house
It really depends on how long you plan on being in an area. If you may have to move for a job and your employer won't pay you to move then it will definitely be better to rent. I have heard the rule of thumb is five years in an area then you should buy but I think it is more like ten.


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lsu13lsu
Member since Jan 2008
6856 posts

re: Is it better to rent or buy a house
quote:

A lot depends on the market. In BR and surrounding area, the market is pretty soft.


Exactly. In BR your house will be dated in five years because there is constant new construction. To get market value you'll have to invest money to sell in five years. I think you would need to be in your house for ten years in a market like BR.


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pioneerbasketball
Arkansas Fan
Team Bunchie
Member since Oct 2005
90320 posts
 Online 

re: Is it better to rent or buy a house
Only buy a house if you can AFFORD it.


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