Do you rent or own your primary residence?
I live with my parents, so technically, I rent.
I guess I rent. I'm at college for most of the year.
Per the US policies embraced by Bill Clinton, Chris Dodd, and Barney Frank; isn't every adult citizen supposed to be able to own their own home now?
Sadly, this idea hasn't worked out very well. Foreclosure has become a new 'norm,' while the rich get richer and the poor... Well, you know.
I don't feel that I even have a primary residence. I haven't lived anywhere for more than a few months in the last 2 years or so.
right now I live with my elderly dad, and in the house I was raised in, so he owns it
I rent a wicked cool apartment in Raleigh right now. Am looking into buy as this is the best time in my lifetime to buy, and my career has stabilized well these past few years, but my credit sucks big time from before. Need to find a way out of the mid 500s to buy ><
I'm just talking about kids that live with their parents
Yes, congrats to you. That's a great accomplishment & you need to have party to burn those mortgage papers!
@JLove privileged information based off of publicly accessible records of the values of houses (or maybe it was land) in the US going back 100 years or so. If you access that, you *might* get it ;)
Of course, once I become an adult legally speaking, that might change things around a bit ;)
Oops, sorry. I meant to post this somewhere else.
Thank you JLove.
lagg - we like to go to Palm Desert during the Oregon winter months.
Congratulations! What a great feeling it will be!
Anyone who buys a home with cash should be able to afford to rent a jet.
If you have a mortgage the rent own difference it is a difference without distinction.
Rent. Owning something in NYC would cost way too much. Someday maybe.
Well done, sunflower!
So true, pashn. We've actually owned several houses through the years and know they attach all kinds of fees to the payoff, just getting every last ounce of blood out of you I suppose. Can't wait stop sending money to the friendly neighborhood bank every month!
oh I have a mortgage...but the bank still owns it until that's paid. Also, Rio, triple check on your last payment, even when it's paid off there are a number of steps you must take to ensure your property is free and clearly owned by you. It's all bullshiznit.
2 more mortgage payments to the bank, and I will own my house. This will be the first time in 25 years of marriage we won't have a house payment!
I think you're reading the chart wrong
Sure you can. You can own a gift that was given to you.
Just bought our first place October 28th. Greatest decision ever. After living on a military post for 6 years and paying over $100k and nothing to show for it on move out, buying was the smartest decision. Even if we get orders in 3 years it will still be a great investment.
Me and the bank got and arrangement @ 3.875%. God willing, that arrangement will end in 2013.
Lol! That was a good autocorrect.
That is fascinating!
Just to clarify.... If you are under 21, and live with family, that is considered renting. You can not own what you did not pay for.
Neither really, the parish owns the rectory but I live there but I don't pay rent.
We own our little townhouse, though according to the HOA we're considered "co-owners" since they're responsible for upkeep of the exterior of the building and grounds.
I really do love this neighborhood, but I will be so glad when we have a house we can call 100% ours.
More dems own their own house
We bought our house last year. we love it!! I <3 St. Pete!
That's like saying anyone that owns a home should have a private jet.
I'm curious. Why 2030?
Proudly renting until 2030, then buying. Not until then though.
Same here! Lol
We paid off our house a couple of years ago. Great feeling of accomplishment! Amazing what you can do when you work hard, are fiscally responsible, and live Below not At or Above your means.
Rent; only I don't pay my parents...
Mortgage for 14 years 2 months.
Mortgage for a few more years.
Own, along with the bank.
Own small 5 acre farm in the Osage hills of Oklahoma.
I do what I can to piss the general monkeys off and give them something to think about.
I rent my primary residence, but I own a property as well.
@lagg - I doubt she does *need* four homes, but what business is it of yours how she chooses to spend her money?
Why do you need 4 homes?
Is it on an island or floating? (Sarcasm)
Im 15...I work at the house, obey my parents rules, and in return they let me live in the house. I guess u call that rent? or the parents generosity.