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Investing/Strategies / Retirement Investing
|Subject: Re: Rent vs Buy||Date: 1/29/2004 6:03 AM|
|Author: activeREinvestor||Number: 38818 of 81624|
Lots of good advice.
Look at one other factor.
Make some guesses as to the rent increases over the coming years. Add that up and decide just how many years you will be living there.
Then look at the transaction costs of buying and then later selling (you or your estate).
I suspect that there is no case where the costs are balanced. If you do not really care about a possible upside in the value then continue renting and enjoy the lifestyle.
I hope this was of some value.
PS. I own multiple homes and rental properties so I have no concerns about buying. I also have rented when that was the right thing to do. Situations change and the right answer is a personal decision.
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