Help making housing/financial decision

posted 3 years ago in Finances
  • poll: Should we move and double our rental costs?
    Stay put and avoid neighbors : (6 votes)
    46 %
    MOVE and pay double in rent : (7 votes)
    54 %
  • Post # 2
    Member
    8650 posts
    Bumble Beekeeper

    KamerChick :  if you are close to the 20% and the neighbors are simply annoying then I’d stick I out. If the neighborhood is becoming unsafe and you are more than a few months from buying then spending 20% of your take home pay on rent isn’t bad considering you will still save at least 50%. Suzy Orman says it best – people first, then money, then things. Your safety is worth a higher rent. 

    Post # 3
    Member
    1936 posts
    Buzzing bee
    • Wedding: October 2015

    Unless you’re in genuine fear for your safety, sometimes, you just have to deal with trashy neighbours.

    Since it’s saving you money and not deteriorating any assets (you’re renting, not owning) I’d care way less about the surroundings and more about the money in my bank account.

    You can always be pro active concerning your neighbours. I’ve run a few out of my apartment building myself, lol. I take the time to file complaints, knock on their doors, etc. We currently rent, but the way I see it we pay money to be here so I’ll do whatever is in my power to get rid of the trash. (By trash I mean the partieres, dopers, squatters, etc.)

    I say stay where you are and save the money. Again, this is only if you’re not concerned for your safety. Safety comes first.

    Post # 4
    Member
    9588 posts
    Buzzing Beekeeper
    • Wedding: September 2015

    Isn’t there something in between? Move but to a less expensive place than the one you’re considering.if you stay get that doorbell camera.

    Post # 5
    Member
    7898 posts
    Bumble Beekeeper

    It sounds like you are truly worried about your safety in your current rental. I know you’re worried about the increase in rent in the new place, but the lower limit of your current saving rate is the same as the upper limit of your potentially new saving rate. If the situation is so dire, I think it is reasonable to move to the safer place. You can cut costs elsewhere to make up for it, and your anticipated increase in future income will make up for it too. 

    Post # 7
    Member
    482 posts
    Helper bee
    • Wedding: March 2017

    I would just pay the 20% & move. 50-60% is still a ton of savings and you can relax and not worry about what they’re doing. The extra 10% is worth peace of mind 

    Post # 8
    Member
    9588 posts
    Buzzing Beekeeper
    • Wedding: September 2015

    KamerChick :  well I agree that a 50% savings rate is still excellent so just move and be happy! 

    Post # 9
    Member
    13858 posts
    Honey Beekeeper
    • Wedding: November 1999

    I agree — I’d move.  If you can still save 50% of your take home pay, you’re still doing great.

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