Rent

Rent

Anyone paying high rent? Feeling like you can pay a mortgage instead? I feel like that but I really can't buy nothing for another 1 in a half..

Re: Rent

i am very very fortunate that we dont have to pay rent due to one of the jobs FH has...but i really want to get a house b/c this apt is too small for us, im just trying to pay off my bills so i can start saving, i feel like its going to take forever

Re: Rent

No. We live in Brooklyn so rent isn't cheap but with all the extra costs of owning a house such as insurance, water, etc. and the high cost of houses we definitely couldn't get a huse right now. So we're going to fix up this apartment, new bedroom set, new living room furniture, kitchen table, carpeting etc. then we can just live here for a few more years.

Re: Rent

We rent and it's amazing how much you pay for absolutely nothing (we live in tiny studio in manhattan). FH hates renting, and would love to buy something, but for a 1 bedroom apartment here it's completely insane.

Re: Rent

Yeah. Rent stinks

Re: Rent

I pay high rent but my apartment is very big.. but we also pay the cable, electric and gas.. so it's like I am paying a mortgage

Re: Rent

YES its RIDICULOUS, I hate it!
Unfortunately though we can't afford a house. The mortgage payment WOULD be higher, and on top of that, we would have to pay a high cost to commute to the city.
It really stinks

Re: Rent

I am on the same page with all of you, but we are saving for a house eventually.

Re: Rent

rent def. *****. i hate paying it every month..

Re: Rent

Im still at home with my parents and only give them a little money each month to help pay my school loans, so I am lucky until next year when FH and I get our own place.

Re: Rent

Re: Rent

Most people pay so much in rent that it is equal to an average mortgage payment-- however, to get a house, you need more than just the mortgage payment. People need to have a hefty down payment, good credit background and be pre approved and/or qualify for a loan... A lot of people cannot do all that is required, besides just the montly payment... someone also mentioned the insurance, taxes, water, misc bills that come along with owning a house... all of that are good reasons why people pay rent rather than get a house, whether by choice or not... i have a lot of friends who cannot 'escape' the cycle of renting. But I'm sure if you really want to do it, with some hard work, you'll be able to!!! Some people prefer renting-- it all depends on who you are

Re: Rent

I am very fortunate, by mortgage is $100 more than when i use to rent. And because its a co-op not outside extras to pay. My insurance basically replaces my rental insurance.