Propaganda: people regret buying a house now
(archive.ph)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (29)
sorted by:
Why? Rent is more expensive in the long run, and control over said property would not rest solely with you. I own my home. My loan is paid off. Anyone screwing with me in that regard will be shot.
Anyone that bought a house in the last 2-3 years pretty much bought on top of the bubble. Rent is more expensive in the long run, but 5 years of rent and then buying the same home at 70% of what they paid is a net win….. assuming there’s ever a dip
Why? Single point of contact for any issue.
I had a rental property some years back that I had a property manager for, and it was really nice to have someone on retainer who knew who all the good contractors were, what the going rate was for them so you don't get swindled, deal with scheduling, etc...
I wish I had that for my own home for stuff I don't want to take care of myself. Any property managers reading this: untapped market for some extra cash. Take invoices for services you coordinate and tack on 10% as a service fee. Maybe with a monthly/annual retainer.
Just call the guy and ask for advice.
Having friends is free.
I don't live where that was, but even if I did there's a big difference between asking who the good roofers are and telling someone "I have this problem: fix it" and they coordinate 2-3 different contractors to fix it without me having to do anything except pay the bill.
That's not how being the rentor works dog.
Me: "This is broken, fix it"
Landlord: "ok but you'll have to wait 2 months and then they'll be there an inconvenient amount of time and we won't be fixing it the way you want"