waggy
No Lifer
- Dec 14, 2000
- 68,143
- 10
- 81
In reality, right now you should be able to buy much cheaper than renting anything.
Most can't because they have piss-poor credit.
equity is not as important as depreciation. Most properties now are no longer depreciating further. Prior to the boom, 2-3% a year of equity was all anyone expected...now people talk as if 10-20% or more should still be the norm.
Even if living by myself, I'd want more than just a one room hovel to call home and definitely wouldn't still be shacking up at my parents even though they are extremely awesome and open-minded. There is a reason even in the wild, little baby bear and lion don't stick around...it's time to grow up.
Also as far as rent and being able to move whenever you want...almost all the decent places here require 30-90 days to break the lease and most will require the remainder of the lease to be paid out if you have lived less than 24 months there.
no. just not true.
Nowhere around here can you buy cheaper then renting. a 2 bedroom rental is $650-800 a month. no way will you get a 2 bedroom house for cheaper (mortgage+tax+insurance).
not everyone needs a big house when single. For many a apartment is a far better situation then a house.
IF you talk to the apartment complex most will elt you out. even if you move without telling them IF they get someone in fast you do not need to pay the rest of the lease. Only part you are on the hook for is the time the apartment is empty.
while owning a house is great (i wouldn't want to live in a apartment with 2 kids) it is not for everyone and its not always that they can't afford it for many its the wrong decision.