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The problem I have with renting is there's no way to improve your lifestyle without spending money on pure consumption items.
Of course there is. We've landscaped the back yard, painted the bathrooms, installed antique light fixtures ( which we will take with us when we move), decorated the interior with antiques, built shelves, and so on. Yes we rent. But that doesn't mean we can't have pretty much the exact same lifestyle as a homeowner.
toothfairy
@
2012 Mar 13, 6:23am
You landscaped your landlords backyard? You mean you planted flowers i doubt your ll would alLow you to relandscape
The problem I have with renting is there's no way to improve your lifestyle without spending money on pure consumption items.
No way is too strong of a word but I see where you come from. To be honest, I might have bought a house with 3.5% down had I live in a non-recourse state. Living in a recourse state makes me think twice.
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Unless you assume the housing price and/or rent will be going up quickly, I do not see the drawbacks of renting from a FINANCIAL point of view. However, I understand people have their own situations so discussions are welcomed here.
#housing