Comments on: How to Evaluate the Rent vs Buy Decision http://www.myliferoi.com/2009/11/how-to-evaluate-the-rent-vs-buy-decision/ Rebalance before it's too late Tue, 07 Feb 2012 03:16:47 +0000 hourly 1 http://wordpress.org/?v=3.1.2 By: Darren Berardi http://www.myliferoi.com/2009/11/how-to-evaluate-the-rent-vs-buy-decision/#comment-87354 Darren Berardi Sun, 23 Oct 2011 19:06:50 +0000 http://www.myliferoi.com/2009/11/how-to-evaluate-the-rent-vs-buy-decision/#comment-87354 I think people underestimate the cost of maintenance. I've been renting for a many years and the only thing I've paid to replace is a ceiling fan. At the same time, my landlord has done a whole bunch of things like replacing windows, replacing the siding of the house, fixing the wall around the front lawn, and fixing the bathroom. That's a huge difference in costs. Also, I think homeowners are more inclined to spend on stuff for their home vs. renters. Renters want their place to be nice, but they don't necessarily take the same pride in their living space as homeowners. As a result renters may have no problem ignoring small cosmetic issues vs. an owner that will want to fix things immediately. I think people underestimate the cost of maintenance. I’ve been renting for a many years and the only thing I’ve paid to replace is a ceiling fan. At the same time, my landlord has done a whole bunch of things like replacing windows, replacing the siding of the house, fixing the wall around the front lawn, and fixing the bathroom. That’s a huge difference in costs.

Also, I think homeowners are more inclined to spend on stuff for their home vs. renters. Renters want their place to be nice, but they don’t necessarily take the same pride in their living space as homeowners. As a result renters may have no problem ignoring small cosmetic issues vs. an owner that will want to fix things immediately.
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]]> By: LoneFrame http://www.myliferoi.com/2009/11/how-to-evaluate-the-rent-vs-buy-decision/#comment-53321 LoneFrame Wed, 06 Jul 2011 13:37:12 +0000 http://www.myliferoi.com/2009/11/how-to-evaluate-the-rent-vs-buy-decision/#comment-53321 It is a tough decision, but I think too many people make the mistake of assuming that buying is automatically better. I think having a good savings plan to make a large down payment is key. Financing for 30 years is foolish. Under normal economic conditions, your house will never appreciate to the price you paid for it. Would you pay $20,000 for a car that is worth $5000? That is what people do when they finance for 30 years though. It is a tough decision, but I think too many people make the mistake of assuming that buying is automatically better.

I think having a good savings plan to make a large down payment is key. Financing for 30 years is foolish. Under normal economic conditions, your house will never appreciate to the price you paid for it. Would you pay $20,000 for a car that is worth $5000? That is what people do when they finance for 30 years though.

]]> By: Buying a Home -- What You Need To Know And Is Rent Such a Bad Idea? | Studenomics http://www.myliferoi.com/2009/11/how-to-evaluate-the-rent-vs-buy-decision/#comment-50902 Buying a Home -- What You Need To Know And Is Rent Such a Bad Idea? | Studenomics Wed, 13 Apr 2011 17:39:22 +0000 http://www.myliferoi.com/2009/11/how-to-evaluate-the-rent-vs-buy-decision/#comment-50902 [...] How to Evaluate the Rent vs Buy Decision @ My Life ROI [...]

[...] How to Evaluate the Rent vs Buy Decision @ My Life ROI [...]

]]> By: Frances Herrnandez http://www.myliferoi.com/2009/11/how-to-evaluate-the-rent-vs-buy-decision/#comment-5717 Frances Herrnandez Wed, 05 May 2010 21:54:13 +0000 http://www.myliferoi.com/2009/11/how-to-evaluate-the-rent-vs-buy-decision/#comment-5717 Fantastic articles & Nice a site…. Fantastic articles & Nice a site….

]]> By: New York apartment rent http://www.myliferoi.com/2009/11/how-to-evaluate-the-rent-vs-buy-decision/#comment-4349 New York apartment rent Fri, 26 Mar 2010 11:03:33 +0000 http://www.myliferoi.com/2009/11/how-to-evaluate-the-rent-vs-buy-decision/#comment-4349 Personally i prefer buying a home, but this decision is good if you really want to settle down somewhere for a long term. Actually, i think, it's better to make up your mind first and then decide, rent or buy. Personally i prefer buying a home, but this decision is good if you really want to settle down somewhere for a long term. Actually, i think, it’s better to make up your mind first and then decide, rent or buy.

]]> By: EpicTrendz » Blog Archive » Rent a Home While Investing Like a Homeowner [Personal Finance] http://www.myliferoi.com/2009/11/how-to-evaluate-the-rent-vs-buy-decision/#comment-4294 EpicTrendz » Blog Archive » Rent a Home While Investing Like a Homeowner [Personal Finance] Tue, 09 Mar 2010 19:04:51 +0000 http://www.myliferoi.com/2009/11/how-to-evaluate-the-rent-vs-buy-decision/#comment-4294 [...] Renters, are you longing to put down permanent roots? Share your experiences in the comments. How to Evaluate the Rent vs Buy Decision [My Life [...]

[...] Renters, are you longing to put down permanent roots? Share your experiences in the comments. How to Evaluate the Rent vs Buy Decision [My Life [...]

]]> By: links for 2010-03-05 « LAN b4 Time http://www.myliferoi.com/2009/11/how-to-evaluate-the-rent-vs-buy-decision/#comment-4288 links for 2010-03-05 « LAN b4 Time Sat, 06 Mar 2010 00:09:30 +0000 http://www.myliferoi.com/2009/11/how-to-evaluate-the-rent-vs-buy-decision/#comment-4288 [...] How to Evaluate the Rent vs Buy Decision | My Life ROI, Getting the Best Return On Life (tags: renting buying investment toread) [...]

[...] How to Evaluate the Rent vs Buy Decision | My Life ROI, Getting the Best Return On Life (tags: renting buying investment toread) [...]

]]> By: Are You Ready To Buy A House? | Mike On Beaverton Real Estate http://www.myliferoi.com/2009/11/how-to-evaluate-the-rent-vs-buy-decision/#comment-4287 Are You Ready To Buy A House? | Mike On Beaverton Real Estate Fri, 05 Mar 2010 18:50:46 +0000 http://www.myliferoi.com/2009/11/how-to-evaluate-the-rent-vs-buy-decision/#comment-4287 [...] post was inspired by LifeHacker and My Life ROI Got That Sharing [...]

[...] post was inspired by LifeHacker and My Life ROI Got That Sharing [...]

]]> By: Roddy6667 http://www.myliferoi.com/2009/11/how-to-evaluate-the-rent-vs-buy-decision/#comment-4286 Roddy6667 Fri, 05 Mar 2010 18:27:38 +0000 http://www.myliferoi.com/2009/11/how-to-evaluate-the-rent-vs-buy-decision/#comment-4286 House prices in my area went down for ten years. At the same time the roof, well, septic, and furnace failed. This would be no problem for a renter. Also, over half of homeowners can't take the interest and taxes deduction because it is less than the standard deduction. House prices in my area went down for ten years. At the same time the roof, well, septic, and furnace failed. This would be no problem for a renter. Also, over half of homeowners can’t take the interest and taxes deduction because it is less than the standard deduction.

]]> By: Guardian Proxy http://www.myliferoi.com/2009/11/how-to-evaluate-the-rent-vs-buy-decision/#comment-4282 Guardian Proxy Fri, 05 Mar 2010 01:58:30 +0000 http://www.myliferoi.com/2009/11/how-to-evaluate-the-rent-vs-buy-decision/#comment-4282 In this case, their is an obvious preference for people who own. *there In this case, their is an obvious preference for people who own.

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