ANSWERS: 16
  • Is it better to rent or home....I still can't tell
    • Ice man
      There are pros & cons to both. Cost wise/per month it works out to about the same thing once you're mortgage free. The best part of owning your home is that while you are paying down your mortgage you are building up your equity at the same time. Simply put - what ever money you've paid down on your debt is yours to keep should you decide to sell before it's paid off. Of course you're still on the hook for the balance but you pay that off with the rest of the money gained from the sale. Now the real benefit comes from paying off the mortgage and keeping your home for 10 or 20 years more. Not only have you become debt free, but your property value has probably increased a few times over.what you paid for it. Meaning you will gain a large profit later on in life when you want to scale down and sell out.
    • Ice man
      Long winded SPAMMER !!
    • Thriftymaid
      Is this site going to allow this kind of spam?
  • I own my home..For now.
    • Ice man
      It's a great investment and there's nobody going to tell you they want more rent or get out. : )
  • Well, no. The family tried to give it to me when my mother died, but the water/sewer/trash bill is over 220 bux a month because there are two houses on the property. I might have been able to rent one, but I didn't want to have to pay to fix it up and then maintain it, and pay taxes, and pay that outlandish utility bill, and hope to have enough left over to feed myself, and all the other hassles of being a landlord. I am not young any more, can't work much, and don't own a car any more, so all in all I just didn't want to own the property. My brother took it over. He sold another house and thinks it's neat to live here for only the cost of water/sewer and taxes. I stay on, rent free, and watch the place because he is not always in town.
    • Ice man
      Sounds like you're in a win / win situation.
    • Ice man
      That's interesting. I'll guess that you own property but for whatever reason you have to rent somewhere else. Possibly a country home and a city apt. to be close to work ?
  • It already belonged to my husband. I moved in to live with him.
    • Ice man
      Ain't nothing wrong with that. Thanks : )
  • My husband and I are homeowners. We also a spare cardboard box out back if anyone wants to stay over.
    • Ice man
      Now that's what I'm talkin' about !! LOL Thanks
    • ladyEmma
      Ha-ha! You're welcome. :)
    • Ice man
      That's the best, especially once it's paid off and you're debt free. Thanks
    • officegirl
      Well after five years we're not there yet but hope to get there within several years. My first home, my husband's second (second marriage).
  • I own 2 homes
    • Ice man
      2 can be a great investment provided you have the right people renting # 2. Thanks Cruiser.
  • Im a renter a 2 br unit for 400 a week and thats cheap as its a old building
    • Ice man
      Sweetie you ain't gonna find anything less expensive than that. That's got to be the lowest rent I've heard of in recent times.
    • Queen Chelsea
      400 a week is cheap ? seriously
    • Ice man
      Opps, Please forgive me, I'm sorry I miss read your answer. I thought you were paying $400. a month. I take back my comment because $400 a week is expensive. I really must start paying more attention, (wink).
    • Queen Chelsea
      Lol thats ok im in Australia we get higher wages but everything is more expensive
    • Thriftymaid
      Are you the Chelsea from old Answerbag?
  • None of the above I live in the sea! HAHA got cha! Ice man
    • Ice man
      That sounds pretty "fishy" to me !! Haha what a COD answer ! (lol)
    • RareCatch
      Good one~thanks Ice man! Dec. 01
  • Renter wishing to buy quick before trump starts his crap , sure wont be helpful to '' buyers '' ,..
    • Ice man
      I hear ya, good luck with that and I hope you already have your financing in place..
  • We own our home.
    • Ice man
      It's a good feeling knowing that some asshole landlord can't throw you out, isn't it? After 3 years I got evicted from a house (never late with the rent and I looked after the property maintenance) because the landlord wanted his dead beat kid to live there. I drove by 4 or 5 months later and what was a nice place had turned into a run down dump.
    • ladyEmma
      It is a good feeling for sure to know that it's yours and nobody is going to kick you out. Plus you can do whatever you want to the property. That had to be so frustrating to get evicted like that. Especially when he turned it into a dump after you left.
    • Ice man
      Actually that event prompted me to buy my 1st home and I've owned 2 others since then. I figure karma caught up with my old landlord.
    • officegirl
      I don't know. When I was single I usually got on with my landlords who sometimes lived in the same building. I loved my three room & bath first floor apt in Cambridge which was rent-controlled and I stayed there for over 20 years. When I met my husband he just said OK we're going to buy a house and that was it. He and his first wife had owned one for years which she got and later sold after she remarried. So before I was kinda congested now we have eight rooms - so much space and not much to fit in it and its a lot more responsibility - repairs, upgrades, cleaning, snow shoveling. But its a friendly, if old, suburban house and I like having a garage and driveway and I like our living room.
    • Ice man
      Thanks for answering. : )
  • 12-05-2016 "Few people realise the coming bargains in all asset markets within the next five years or so. Stocks, bonds and property will be fractions of current prices. I discussed in last week
    • Ice man
      Thanks
  • Both...I own the trailer I live in but rent the space it sits on.
    • Ice man
      I've wondered about that. I'm assuming you're in a trailer park ? Is it cheaper than paying property taxes on a lot of your own ?
    • dickw60
      I pay $175/mo includes water, sewer, and trash. I pay for my electrical. I also must purchase propane at a cost of under $30/mo.I pay a little over $230/mo. for all. I live way cheap to what others do but I also live in 230 sq. ft. of area. I also live alone.
    • Ice man
      Thanks for your reply. I've been thinking of doing the same thing in a couple of years from now, just wasn't sure how it would work out cost wise. I'll have to look deeper into this, but from what you're telling me it sounds like the more economical way to go.
  • We bought our first house this August after renting for the last few years. It a was a choice we made after we had saved for years to do so. It was a great investment. We have a yard, a nice area, and good neighbors and can decorate at our pleasure.
    • Ice man
      Congratulations on on buying your own home. That first few years of trying to save up enough money for a down payment is a major feat in itself, but things fall into place and get easier after that. Having good neighbors is a big plus as well.

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