Quote:
Originally Posted by ken0042
That is a bad way of looking at it. You aren't throwing money away- you are paying for a place to live. Throwing money away would be buying a place, living in it for a year, putting $1000 towards the mortgage and then paying $7000 in fees to sell it.
Looking at some of the challenges others have faced with renters, I wouldn't want to rent out a place if I wasn't able to stop by every so often to see if they have trashed the place.
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Ya throwing away is a bad way to put it. I just meant I could be building equity, but instead I'm just paying my landlords mortgage.
Its not that I can't afford it. I'm always very careful about these things. I just want to make the right decision.
Long distance renting is a risky proposition.
I have a third option that involves commuting, and there is varying opinions on that.
Anybody on here a commuting pilot?