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Renting vs. Buying: The Realities of Home-Ownership

getrichslowly.org — Analysis of the real world economic value of renting vs owning your own home.

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  • rochskier, on 10/10/2007, -0/+3This explains the reasons I'm still renting!
  • LurkerSteve2, on 10/10/2007, -0/+1Well, why don't you tell us your math and prove otherwise?

    I have a number of co-workers who own houses. Every Monday, I ask them what they did last weekend - it's always "we worked on the house." Meanwhile I had a pleasant weekend doing something else.
  • mlapoint, on 10/22/2007, -0/+0i like not having to spend my weekend working on the house after working all week at my job.
  • maybenot, on 10/10/2007, -0/+0Your right, life does change once you buy a house. Some people do enjoy working on their homes though.
  • danaseilhan, on 03/09/2008, -1/+0Well, the flip side of the not wanting to work on your house every weekend is that when something breaks in a rental home, you have to wait for your landlord to fix it. If you have a good landlord, that's not a problem. If you have a bad landlord, it can get... interesting. The blogger states that there are other perfectly good reasons to buy a home even if it doesn't make financial sense, and I agree with him. Not having to put up with the landlord version of the Keystone Kops is a good start.
  • Toronto, on 10/10/2007, -3/+1lame
    his math works in extreme scenarios but normally buying is better

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