Still Renting

Why Mortgage Payments Should Be Lower Than Rents

I owned for over 20 years. I now rent. I LOVE IT. I rent a five bedroom home in an upscale neighborhood with a back yard landscaped like a part (1/3 acre), two car garage and air conditioning. This in a "near Seattle" suburb for $1,600 a month. If I had purchased this home, the monthly cost would have been well over twice that and the home is worth roughly $120k less than it was when I moved in.

My only complaint is that when I put the video projector in I couldn't embed the wires in the walls.

I confess that not owning may be harder on my wife though. She's not crazy about the kitchen but obviously we are not gonna remodel. But, on a side note, think of all the remodeling money I'm saving. Seriously.

And the kitchen is really fine. And we don't have to go through the "conflict" of making the decision. It really is win-win.




On Jan 10 10:37 AM secmaven wrote:

> A man's home is his castle. Economics plays only a part in the
> decision to be a home owner. Pride of ownership. Keeping up with
> ________ and other psychological reason trump the numbers. Watch
> the Home and Garden channel for an insight into homeowner/buyer psychology.
> These folks did not major in calculus.