Quote:
Originally Posted by La lamy
Yes every individual would have to take into account mortgage costs if needed, but investing into a home usually always ends up being a wise choice, especially in a well desired location. I know for me it's definitely less expensive to own than rent for 6 months, even with expected repairs taken into account.
|
I agree. Also, finding a rental every year is a hassle. Many rentals are owned by folks who ultimately plan on retiring and using their home for themselves. When that happens you are back to finding another place. Choice of area becomes tougher.
I had planned on just renting. There is the convenience of handing over the keys and not worrying about anything all summer long. But as my desire to stay in TV stretched from 3 months to eventually 7+, it made sense to buy.
The extra hassle of ownership is more than outweighed by the convenience of having my own furniture, (a good bed!), my own pots, pans, cutlery, and two golf carts ready and waiting for me.
It's a good life. I worked a few extra years so I could afford it. I'm glad I did.
As far as I'm concerned, the fact that the real estate will likely appreciate is gravy, and WTH, maybe as good an investment, or better, than CDs or bonds, or equities. Probably not a bad way to diversify.