Why I Am Never Going to Own a Home Again - From Yahoo! Financial
Why I Am Never Going to Own a Home Again
WARNING: The tone this author used in writing this opinion piece 'o (bad word) has gotten under my skin, has fueled this rant.
This is a rebuttal to his little write up.
A) If you are buying a home with the idea of keeping it for 15 years or more who cares?! If you rent you are out all the money regardless. If you keep the home for a long time you stand a chance of breaking even or making a little money. If you bought at the height of the bubble I can see where you would be scared, are making decisions with your fight or flight instincts instead of using critical thinking skills.
B) Ditto for A. All of us know that closing costs are a scam. They are just part of the game you play if you choose to own a home. Stop whining. Take steps to fix the problem or STHU!
C) Maintenance? Are you kidding me?! Anything you lord over is going to take maintenace! Yards? Yes. Kids? Yes. Pets? Yes. Cars? Yes. Stock portfolios? Yes! Have you ever had a landlord tell you to stick it, he'll call to have the heat fixed when he is good and ready, will not knock off the rent any costs you take on for repairs because he only uses a guy he trusts for the handy work? I have. I still have him on my *I Hope You Die By Anaconda, You B@s#ard!* list.
D) You never buy a house because of a tax break. If you do you are dumb and deserve to clean horse stalls for a living.
E) If you move just for a job, let someone talk you into buying a house then you get what you deserve. Who does not know that you rent for a year or two while you settle into work, find a part of town you like and a house within your budget?
F) My house is an investment. I have investested time and effort to paint the walls, install new lighting, furnish, adorne it with various flora and fauna to our liking. I ask you what landlord is going to let me put what I want in his yard (flowers and bushes) and keep two large dogs and two cats? You spoke of wasting money in item A. Have you ever heard of a pet deposit? In my experience cats are $300 each dogs are $500 a piece. You don't get that money back. Deposit really means Fee when speaking of pets to landlords. Making a mortgage payment over renting adds to our quality of life.
So, in closing I will say that our family saves money over all by owning than renting. We do not have a large house, enjoy knowing houses 3/4 the size of ours, in our area, rent for more than our mortgage payment. Our payment is fixed for as long as we own the home. I know the in the past few years that home values and rents have been decreasing, but this is not the norm. In a normal economy you can count on paying an increase in rent every year or two. Unless you are saddled with a ARM you will win by having a mortgage.