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Subject:  Re: Annual FIRE update #4 Date:  6/5/2008  1:39 AM
Author:  SeattlePioneer Number:  4587 of 5260

<<But I am starting to tire of a one bedroom apt - I'd like a study for one. And for the 4-5 times a year I have friends and family staying over, I'd like them to have a guest bedroom and bathroom. I'm getting a little old for air mattresses, you know? Renting a one-bed is cheaper than buying; renting a two-bed becomes a wash vs buying.

So far it's the FIRE desire that's keeping me a renter, but I might well take the FIRE hit this year in order to get a little more space.


One of the best things about being a renter is that you can find relatively cheap housing if you want to work at it. Housing designed for owner occupants tends to be bigger and with more amenities, and more expensive if you compare the costs directly with renting, and often you can't find comparably simple and cheap accomodations.

So buying becomes attractive when people want more luxury of one kind or another and are willing to pay for it. Nothing wrong with that of course, but we tend to like to deceive ourselves about our motives by talking about buying a home "as an investment" and "not wanting to throw money away on rent" and such.

Seattle Pioneer
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