Quote:
Originally Posted by tvp2003
Here's a new one for you guys (all hypothetical of course):
A: younger couple; kid on the way; he has a stable, good-paying* job; both seem pretty mature
B: early 30's couple; both are working stable jobs; both appear very conscientious
Both look like great options, but if you could only pick one, who would you take and why? Would be interested to hear some different perspectives; keep in mind that long term is better -- i.e. assuming everything else is equal (they virtually are), the tenant who might stay 3+ years is preferable to the one that may only stay 1 or 2...
* sorry, forgot this was CP aka the 0.5% club. He makes a good salary but is not an O&G six figures guy.
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Quote:
Originally Posted by HockeyIlliterate
Just my hunch, but couple "A" are probably going to want to buy a place of their own once the kid reaches 2 or so. So if you want a long-term tenant, I'd lean towards couple "B".
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I'd beg to differ, and this is why:
Couple "A" are younger, you say HE has a good stable job, no mention of hers. This means, they likely are mature, and he is doing everything he can to provide for his family, however, it will be a struggle for them for the next few years (been there, done that, don't let it frighten you as a renter, as the most important thing to him right now will be food and shelter) and they likely won't be in the real estate market for several years.
Couple B are early 30's, both working, no children I assume? I'd say this couple is far, far more likely to be closing in on a down payment to buy a home of their own.