UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev | Next
Author: MadCapitalist Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 762325  
Subject: Re: Housing policy is making homes less affordab Date: 9/30/2012 9:59 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
I have a sister who is doing quite well financially and doesn't own a home. She views them as money pits. She has a small apartment, lives frugally, and socks away her money.

She doesn't want the maintenance hassles, shovel snow, mow grass, or any of that stuff. She is content to let others worry about it all.

I also rent. It's a condo in a gated community where they take care of all that as well.

It's tempting to take advantage of the ridiculously low mortgage rates, but I'm not going to do it. I live in NJ, where home prices are very expensive, and property taxes are the worst in the country.

Plus, I don't want to be restricted from moving in case I decide to move. I might be able to sell or rent out the house if I want to move, but that definitely introduces additional risk and bother into the equation.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev | Next


Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.