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New Renter
2014 Jan 13, 1:18am
nd why are you using carpet in rentals? Is there a specific reason to use that over laminate?
In my experience carpet is much better at killing sound transmission. In a small living space that can be the difference between speakers or headphones for late night entertainment.
ok, I am being facetious but you get my point
Yours is a helpful illustration of the discipline it takes to be successful as a renter. That's why not many do it and most will do best financially by going all-in on a house. If you're going all-in, do it in a house. Then you have the forced savings.
When will you realize that you were wrong?
You're basing rightness and wrongness on very short amounts of time. If that were the goal, well, that's a very easy goal. It's easy to be right or wrong for a year or three.
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Well...I am back again like every year keeping everyone posted. Nothing new to say other than prices have shot up even further in 2013. So have rents. My mortgage is way under what it would cost to rent my own house (due to refi-ing at 1.25% lower than when we bought). Glad I snapped out of my own bear mindset that I had for years and pulled the trigger. When we bought we could not know prices would go up like they have and we didn't buy because I predicted prices to go up. We simply bought because we used to pay a shitload of money in rent and when we did the common sense calc we realized that its equal to buying. Then we found a place (after along long search) that we love and can afford (was exactly on par with the rent we used to pay - for a much smaller house). The fact that interest rates kept sinking was a pleasant surprise. It feels good to have a cheap mortgage locked in for 30 years. If I wanted to get out of this house and relocate it would be no problem. I could sell it for much more or rent it for much more than my mortgage so we feel barely "trapped".
Here is a link from my post last year and the year before.
Interestingly enough, most posters that advised me to not buy and that I made a huge mistake have disappeared from this forum or taken on new identities (lol - we know who you are). That is one way to deal with being wrong.
SubOink says
HAPPY NEW YEAR!!!
#housing