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What's a good alternative to home ownership?
Posted on 8/1/17 at 10:12 pm
Posted on 8/1/17 at 10:12 pm
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.
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.
17
Posted on 8/1/17 at 10:17 pm to PrivatePublic
Sounds like you want somebody to tell you that it's okay to move back in with your mom
Posted on 8/1/17 at 10:55 pm to BowlJackson
tiny house that is mobile
Posted on 8/1/17 at 11:01 pm to PrivatePublic
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.
Posted on 8/1/17 at 11:02 pm to PrivatePublic
Renting a house is worth it.
Posted on 8/1/17 at 11:40 pm to imjustafatkid
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
After that you are wasting money. Unless you live in a hole paying $500 a month. Good luck getting laid
Posted on 8/2/17 at 1:12 am to cjared036
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 8/2/17 at 1:13 am
Posted on 8/2/17 at 6:29 am to PrivatePublic
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.
Posted on 8/2/17 at 7:31 am to imjustafatkid
(no message)
This post was edited on 8/2/17 at 7:33 am
Posted on 8/2/17 at 7:43 am to PrivatePublic
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.
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.
Posted on 8/2/17 at 8:10 am to PrivatePublic
townhome
Posted on 8/2/17 at 8:25 am to PrivatePublic
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.
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.
Posted on 8/2/17 at 8:30 am to GameCocky88
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.
Posted on 8/2/17 at 10:22 am to PrivatePublic
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.)
Posted on 8/2/17 at 10:31 am to PrivatePublic
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.
Posted on 8/2/17 at 11:59 am to PrivatePublic
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.
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.
Posted on 8/2/17 at 5:32 pm to PrivatePublic
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.
Much simpler as there isn't space for a lot of belongings, and generally really sensible people as neighbors.
Posted on 8/4/17 at 7:29 am to Pinche Cabron
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.
Posted on 8/4/17 at 10:34 am to PrivatePublic
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.
Posted on 8/4/17 at 10:39 am to brucevilanch
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.
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