Quote:
Originally Posted by Polyal
Definately everyone scenario is different. We seem to move every two years so buying for us just doesnt make sense.
So we will continue to save until we know where the heck we will end up.
There are certainly days I am glad I am renting, dont have the time for house maintenance etc. But there is always that niggle in the back of my mind about it being "ours".
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I reckon you're on the right track with renting where you live if you're moving every 2 years. Plus with renting - unless it's a bronx slum - you typically get to live in a house that's a level above what you could afford to actually mortgage (from a 1st home buyer perspective).
That niggle - I wonder if the same niggle applies to people who lease/take a loan out on cars?
I don't know how people - especially families - in the cities manage with the sky-high mortgages (or rent), amongst all the other costs associated with living/working in the city. I'm in no way suggesting they have a choice, but the amount of energy/effort/expense it must take to live & work there must be insane.