Comments on: When it makes more sense to rent http://www.bluntmoney.com/when-it-makes-more-sense-to-rent/ Thu, 17 Dec 2009 12:51:43 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: bluntmoney http://www.bluntmoney.com/when-it-makes-more-sense-to-rent/comment-page-1/#comment-768 bluntmoney Wed, 06 Dec 2006 05:55:52 +0000 http://www.bluntmoney.com/when-it-makes-more-sense-to-rent/#comment-768 I think it also depends on what you would be doing with the money you wouldn't be spending on rent, and what kind of return you can get on it if you're investing. I think it also depends on what you would be doing with the money you wouldn’t be spending on rent, and what kind of return you can get on it if you’re investing.

]]> By: Moneywalks http://www.bluntmoney.com/when-it-makes-more-sense-to-rent/comment-page-1/#comment-764 Moneywalks Tue, 05 Dec 2006 05:27:18 +0000 http://www.bluntmoney.com/when-it-makes-more-sense-to-rent/#comment-764 I agree with what Wealthy Geek was saying. Although after some price increase, as in this case the ratio was 1600 to 1000 per month, I'd still take the 1600 per month knowing that that amount is not being thrown out but used to pay off the house I own. While renting, your throwing out 1000 a month and it goes nowhere. I agree with what Wealthy Geek was saying. Although after some price increase, as in this case the ratio was 1600 to 1000 per month, I’d still take the 1600 per month knowing that that amount is not being thrown out but used to pay off the house I own. While renting, your throwing out 1000 a month and it goes nowhere.

]]> By: Wealthy Geek http://www.bluntmoney.com/when-it-makes-more-sense-to-rent/comment-page-1/#comment-757 Wealthy Geek Mon, 04 Dec 2006 21:56:41 +0000 http://www.bluntmoney.com/when-it-makes-more-sense-to-rent/#comment-757 You make an interesting argument here, especially when you look renters’ short-term circumstances. But for one’s long-term financial health, I’d say buying still makes the most sense. The whole idea of getting a mortgage is so that someday you won’t have to pay for the roof over your head – which is especially important once you’re retired and no longer earning income. Renting long-term may save you a few hundred dollars a month, but with a rising life expectancy you’d better make wise choices as to how to invest that saved money so that you’ll have enough of it to continue paying for the roof over your head into your 70s, 80s and even 90s. You make an interesting argument here, especially when you look renters’ short-term circumstances. But for one’s long-term financial health, I’d say buying still makes the most sense. The whole idea of getting a mortgage is so that someday you won’t have to pay for the roof over your head – which is especially important once you’re retired and no longer earning income.

Renting long-term may save you a few hundred dollars a month, but with a rising life expectancy you’d better make wise choices as to how to invest that saved money so that you’ll have enough of it to continue paying for the roof over your head into your 70s, 80s and even 90s.

]]>