Quote:
Originally Posted by Villager1234
Yesterday I read about the lady who is having problems with house closing
There are alternatives to purchasing. I moved here 2 years ago, finally found a yearly rental
I closed on my house up north last month. Instead of buying a house I am seriously considering renting permanently. A 5% cd pays all of my bills and don’t have to worry about any maintenance,water bills,sprinklers Many of my friends miss activities to meet repairmen. I am a retired tradesman and don’t care if I ever pick up a tool again
|
I also rent yearly here in TV. My house owner is an investor with at least 5 homes and is the main reson i didnt buy. He snatched up the houses i could afford before I could get a loan.
So now I rent the house I thought I wanted to own.
I am very happy as a renter. My rent is extremely affordable and I have zero risk.
Good luck navigating home owners insurance. Thats whats stopping me from buying in this state.
I'm with the poster on this one. I would rather have a buttload in savings than to own another home.