Posted by
Message
PrivatePublic
Troy Fan
Member since Nov 2012
10377 posts

What's a good alternative to home ownership?
I've decided that home maintenance and fighting back nature every year are not how I want to spend the rest of my best years ahead. I'm locked in right now as I have a family to raise and steady job, but I'm just curious if anyone is or has lived a very attractive alternative.

Not to include apartment living - been there, done that, need the space and seclusion of at least a home...but is there something better with less headache?

Also, not to include being rich. Because I'm not rich. I make no apologies.


BowlJackson
Auburn Fan
Birmingham, AL
Member since Sep 2013
27758 posts

re: What's a good alternative to home ownership?
Sounds like you want somebody to tell you that it's okay to move back in with your mom


shamrock
Ole Miss Fan
Baton Rouge
Member since Sep 2015
1398 posts

re: What's a good alternative to home ownership?
tiny house that is mobile


Replies (0)
Replies (0)
01
Kentucker
Kentucky Fan
Lexington
Member since Apr 2013
10696 posts

re: What's a good alternative to home ownership?
Not really sure why you wouldn't want to own a home. If you have a family and understand the need for a home, ownership seems natural. It's certainly the most cost effective option. If your career is nomadic then you could rent but it's not hard to sell a house now if you have to pull up roots and move.


Replies (0)
Replies (0)
10
imjustafatkid
Alabama Fan
Alabama
Member since Dec 2011
13987 posts

re: What's a good alternative to home ownership?
Renting a house is worth it.


cjared036
Alabama Fan
Houston, tx
Member since Dec 2009
9569 posts

re: What's a good alternative to home ownership?
For the first two years.

After that you are wasting money. Unless you live in a hole paying $500 a month. Good luck getting laid


imjustafatkid
Alabama Fan
Alabama
Member since Dec 2011
13987 posts

re: What's a good alternative to home ownership?
quote:

For the first two years.


Longer than that. I don't have to pay for any repairs. It's way cheaper than owning and I'm not missimg out on anything but the lie that I'm "wasting money." No chance we are buying a house until we find one we could see ourselves keeping.

quote:

Good luck getting laid


You need a house to get laid?
This post was edited on 8/2 at 1:13 am


kywildcatfanone
Kentucky Fan
Wildcat Country!
Member since Oct 2012
44919 posts

re: What's a good alternative to home ownership?
quote:

but is there something better with less headache?



Not sure about where you live, but I'm seeing more garden homes being developed. Not sure how ownership works exactly, but a part of your cost to own includes maintenance of the property.


Replies (0)
Replies (0)
00
nes2010
South Alabama Fan
Member since Jun 2014
3332 posts

re: What's a good alternative to home ownership?
(no message)
This post was edited on 8/2 at 7:33 am


Replies (0)
Replies (0)
00
The Spleen
Alabama Fan
Member since Dec 2010
19470 posts

re: What's a good alternative to home ownership?
After "owning"(let's face it, the bank owns the bitch) for 15 years, I've come to realize it's for suckers. Unless you own it 100% with no mortgage, it's really not a good deal when you factor in annual maintenance/reapirs, property taxes, mortgage interest, HOA dues, etc.

But I'll be a sucker for a few more years because the rental market in our school district is really bare except for apartments. And I HATE apartments.


Replies (0)
Replies (0)
01
NYCAuburn
Auburn Fan
TD Platinum Membership
Member since Feb 2011
45199 posts
 Online 

re: What's a good alternative to home ownership?
townhome


Replies (0)
Replies (0)
11
GameCocky88
South Carolina Fan
Columbia,SC
Member since Dec 2015
3499 posts

re: What's a good alternative to home ownership?
Unless you are in a really crappy market where it is hard for the people who own the rental home to find a renter, the act of renting is in no way cheaper. All of the cost of mortgage, insurance, taxes, repairs etc WILL be passed to you. Maybe not immediately, but that rent will go up over time.

Like I said, the rental company or individual isn't out there to not make money so unless they are desperate for a renter, you are really paying for all of those things anyway.


GameCocky88
South Carolina Fan
Columbia,SC
Member since Dec 2015
3499 posts

re: What's a good alternative to home ownership?
That being said, all of the aforementioned costs do eat into potential profits, so investing in rental properties isn't as lucrative as Rich Dad, Poor Dad would lead you to believe.


Replies (0)
Replies (0)
00
Pinche Cabron
Alabama Fan
TN
Member since Nov 2015
3200 posts

re: What's a good alternative to home ownership?
Nice camper in a state park that will allow you to live there for free if you do light maintenance 2 or 3 days a week (scrub toilets, dump trash, cut grass, etc.)


Evolved Simian
Alabama Fan
In a van by the river
Member since Sep 2010
10510 posts

re: What's a good alternative to home ownership?
quote:

home maintenance and fighting back nature every year are not how I want to spend the rest of my best years ahead.


Sounds like you bought a crappy house with a big yard.

You could just buy a better house with a smaller yard.



Replies (0)
Replies (0)
00
JordonfortheJ
Madison, AL
Member since Mar 2012
13858 posts

re: What's a good alternative to home ownership?
Sounds like you need a townhome.

Most have small lawns and can have anywhere from 2 bedrooms to 5, community amenities if a part of a community, hoa can be bitches though.


Replies (0)
Replies (0)
01
real turf fan
Tennessee Fan
East Tennessee
Member since Dec 2016
519 posts

re: What's a good alternative to home ownership?
I have several friends who live on their boats. Families have left the nest, wives chose to stay in their home towns, friends decided to work elsewhere, including places along the sea coasts and waterways.

Much simpler as there isn't space for a lot of belongings, and generally really sensible people as neighbors.


Replies (0)
Replies (0)
00
brucevilanch
Alabama Fan
Fort Worth, Tejas
Member since May 2011
19145 posts

re: What's a good alternative to home ownership?
quote:

Nice camper in a state park that will allow you to live there for free if you do light maintenance 2 or 3 days a week (scrub toilets, dump trash, cut grass, etc.)




My wife's aunt and uncle did this. When they retired they sold their house and bought a big fifth wheel camper and lived at Lake Guntersville State Park. She worked at the store and he did maintenance around the park. They loved it.


WG_Dawg
Georgia Fan
Atlanta
Member since Jun 2004
66470 posts
 Online 

re: What's a good alternative to home ownership?
quote:

alternative to home ownership?



quote:

Not to include apartment living


well other than owning a home and renting an apartment there aren't a whole lot of other options I don't think.

-Rent anything other than an apartment
-live out of hotels

That's kind of it.


Replies (0)
Replies (0)
00
Pinche Cabron
Alabama Fan
TN
Member since Nov 2015
3200 posts

re: What's a good alternative to home ownership?
quote:

My wife's aunt and uncle did this. When they retired they sold their house and bought a big fifth wheel camper and lived at Lake Guntersville State Park. She worked at the store and he did maintenance around the park. They loved it.



It's hard to beat - free utilities, nice scenery, free lot rent. With some of the jobs they even pay you an hourly wage on top of the free stuff.


first pageprev pagePage 1 of 2next pagelast page

Back to top

logoFollow SECRant for SEC Football News
Follow us on Twitter and Facebook to get the latest updates on SEC Football and Recruiting.

FacebookTwitter