(Closed) Renter by choice

posted 8 years ago in Home
Post # 3
Member
521 posts
Busy bee
  • Wedding: December 1969

We are renters in this stage of our life. I would love to buy a house, but since he is military and we could move wherever and I want to go to school in a different part of the state soon..it just seems better for us to rent till our lives match putting down roots and buying a home..

Post # 4
Member
581 posts
Busy bee

I have friends in rent controlled apartments who have been told by financial advisors that they should stay put because they couldn’t live anywhere else as cheaply!  Each person’s situation is unique, and I’m glad you are happy where you are. 

Post # 5
Member
1676 posts
Bumble bee
  • Wedding: July 2010

Right now my job is such that I definitely will not be living in the same city 3 years from now.  …So at that point it just doesn’t make sense for me to buy, since I can’t make the long-term commitment to a home, and who knows what the housing market will do over periods of less than 3 years.  It’s volatile enough already!  Still, I would really love to own a place for myself.  I’m so jealous of all of my friends who are buying houses and settling down.

Post # 6
Member
1104 posts
Bumble bee

I think renting for life is a lot more common in some countries than others. Here in Aust I think it’s quite similar to the States – buying a house is something almost everyone aspires to do at some point and we all seem to feel much more secure and “adult” once we’ve done it. Apparently in Europe it’s much less common – people rent forever and don’t think anything of it, buying a house just isn’t considered in the same light. Very interesting! The main thing is being happy with your choices!

Post # 7
Member
3564 posts
Sugar bee
  • Wedding: August 2010

I just commented on one of the other posts with a similar idea–FI and I rent by choice, and will continue to rent for the forseeable future. I don’t have any desire to purchase a home and don’t really get the “oh my goodness, I want my OWN home” feeling.

Post # 8
Member
464 posts
Helper bee
  • Wedding: October 2010

We rent. I’d love to own a home one day, but it just isn’t feasible for us right now. 
I’ve had friends and family members look at my rent and say “but you could make a mortgage payment for that much- what a waste!” Well, sure, but if I buy a house I can’t leave after 12 months because I’ve found a better place, or one of us as a new job, or whatever. We’re both in school, and have no idea where we’ll live when we’re finished and have “real” jobs- and then there’s a chance we’d have to sell a house. It just doesn’t make sense for us right now. I think every situation is different, and some people are better off renting while others are better off buying.

Post # 9
Member
171 posts
Blushing bee

I’ve been getting a lot of “so are you buying a house?” along with an assumption that we will move to the suburbs. We like the city and our rent is cheap!

It’s just the two of us and our dog so I don’t feel like we need a house. I like being able to call my landlord to fix things and having someone else maintain the outside of the building and shovel snow. I also like the freedom of being able to move in the future without worrying about selling a home.

 

Post # 10
Member
1020 posts
Bumble bee
  • Wedding: January 2011

we are renting by choice and plan to continue for at least another 2 years (probably longer). we both make decent salaries and could afford a house…we just dont want to! austin is expensive for housing unless you live in the suburbs or buy a really run down house and we don’t want to do either of those things–we are city dwellers. we love our apartment (its actually a condo), and plan on staying in it for as long as we can. neither of us want to do home maintenance, and we are enjoying taking lots of vacations with our extra money right now 🙂

people constantly ask us when we’re going to buy a house. i know they think we’re crazy, but it works for us and we’re very happy with our decision. we’ve discussed maybe buying a house after we have our first kid and they are starting to walk or something..

Post # 11
Member
348 posts
Helper bee

Everytime our toilet gets backed up and I just call the landlord to deal with it, I am so glad that we rent! 

More seriously, renting is a far better financial choice in our city, unless we were planning on staying in the same apartment for about ten years.  And since we live in a one-bedroom, and plan on having kids eventually, that’s unlikely.

Post # 12
Member
2695 posts
Sugar bee
  • Wedding: February 2008

we rent! we live in NYC and its pretty normal here to rent = and the market here is a bit upside down in that you can normally live in a nicer, bigger place by renting than buying (in terms of monthly payment).  I love not having to deal with all the maintenance issues, not having condo/co-op fees, etc.  When we move into the burbs we will buy, but not until then!

Post # 13
Member
57 posts
Worker bee
  • Wedding: July 2010

Yes! We rent, it’s honestly not an “investment” like so many people believe to buy a home. Also, that’s not where we are right now. Fiance is attending law school in August, and I may go back also. We aren’t in a place to “settle down”.

Post # 14
Member
4465 posts
Honey bee
  • Wedding: June 2010

We rent by choice.  All my friends upstate are buying houses but things are wayyyy different in the city.  I live in 450 square feet and my apartment would probably sell for about $400K.  The downpayment required for apartments is HUGE, and then you have to pay co-op/maintenance fees, mortgage, etc.

We might buy within the next 5 years or so, but it will likely be an apartment, not a house.

Post # 15
Member
651 posts
Busy bee
  • Wedding: May 2012

Yes because we know we can’t afford it right now mostly, but also because Fiance is looking for a job and we don’t know where that will be just yet.  It’ll be a while before we buy a house.  I can see us renting for atleast the next 4-5 years.

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