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House vs renting an apt.


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Posted

Moved out of my apartment in 2008 and bought a home.

In 2004 rent (apartment) was 1,265 / month

In 2008 rent (apartment) was 1,775 / month

In 2012 rent for the exact same place is 2,175 / month.

almost double in 8 years. Just crazy! Now I can sit back in my underwater house and KNOW that my payment is set for 30 years.

I still agree owning a home (if you can afford the payments) is a good way to go. I can't believe how much rents have increased in 8 years. YIKES.

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Posted

Where are you renting?

I had a 2 bedroom apt. in South Philly on 2nd floor with a terrace for $850 per month in 2006.

Now I rent a 2 bedroom house w/ garage and back yard outside Knoxville Tennessee for $750 per month.

I would love to own my own home but have to make those $$ first.

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Posted

wow.....growin up is gonna suck. When did everything get so expensive?

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Posted

Where are you renting?

I had a 2 bedroom apt. in South Philly on 2nd floor with a terrace for $850 per month in 2006.

Now I rent a 2 bedroom house w/ garage and back yard outside Knoxville Tennessee for $750 per month.

I would love to own my own home but have to make those $$ first.

we are in CALI prices here are insane!!!!!!!!!!!!

Exactly, especially in my area. A decent 3 bedroom house runs about $2100-2600 a month to rent. A mortgage for the houses we are looking at will only be ~$1700. 4 bedrooms, den, 3-car garage, 2500sq ft. I CANNOT FUCKING WAIT.

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Posted

Renting a house in NC. 1300+ sq feet, huge yard, garage, 3 br 2 bath excellent schools, quiet neighborhood - $900 / month.

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Posted

renting sucks, owning is the way to go for sure....if I knew what I do now when I was 20-21 I would have bought a house then when I was pre-approved for a mortgage and got into a starter home....instead I was like "nothing I want to live in is in that price range"....it's been 12-13 years since then and I have rented ever since, could be nearly finished with a 15year mortgage by now if I would have just bought a house then!...live and learn I guess

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