Quote:
Originally Posted by RoadToad
If you are ready to occupy the new home, you should buy and move in.
You would "profit" by not wasting rent output of thousands (assuming you are renting as posh as you imply you were living) per month.
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Regardless of when we purchase, we won't be moving to TV until fall as the summer is great up here. We did rent during the month of August one of the times, so as to get an idea of whether we could even handle the heat and humidity.
As to your belief that rent is wasted, not only are we in a much more modest house than we sold right now, I also don't have to worry about any of the maintenance, taxes, upkeep, Etc.
There are a number of books that have analyzed the difference between owning and renting for the last 30 years or so and was surprised as to how important it was as to when you purchased, when you sold and capital investments needed on the home, as to whether renting was always a money losing proposition over owning.