Loading…
28
My neighbor said 'you can't fix a house you don't own' and now I'm stuck on buying vs renting.
We were talking about my leaky kitchen faucet last week, and I mentioned I was tired of calling the landlord for every little thing. He just shrugged and said that line. It hit different because I've been saving for a down payment for about 3 years and have around $45k. The pro is building equity and not dealing with a landlord. The con is all the hidden costs and being stuck in one place. Has anyone made this jump recently and regretted it or loved it?
3 comments
Log in to join the discussion
Log In3 Comments
wells.reese6mo ago
Ever notice how we use houses to talk about our whole lives? Your neighbor's line is the same energy as "you can't heal in the same place that made you sick." We say stuff like that about jobs, relationships, everything. It's a clean idea for a messy problem. Buying a house is a huge version of that. You trade one set of problems for another, but at least the new problems are yours to solve. I bought last year and the constant small fixes are real, but so is the peace of not asking permission to live in your own home.
8
alice_wilson736mo ago
Right @wells.reese, that peace is everything.
1
xena8864mo ago
Are you sure you're ready to stop paying someone else's mortgage and start paying your own? I saved for three years too and bought a small condo last spring, and the biggest relief was painting my kitchen without asking anyone. The hidden costs are real but you can handle them if you build a little emergency fund on top of your down payment savings.
8