We are baby boomers in our 50's and purchased three years ago. Yes, we were afraid if we waited until we could move down, we would not be able to afford to buy at that time. We do rent out Jan, Feb, and March and an extra month if we can get it. This helps pay a lot of the expenses but we still pay out our pockets the mortgage.
We have the same renters from last year. They will not be renting next year because they are buying a house in TV this year. We like our neighbors and therefore do not rent by the week. We will live there hopefully in 5 years. There are only 3 rentals on our block of 24 houses. It is a neighborhood that is 10 years old with mostly original owners. Our house the husband passed away and after a couple years the wife was moved to a nursing home near her children. Our neighbors are very nice to us and to our renters.
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