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Probably between 800-1,200 dollars a month.
why rent when you can buy
so whats teh price for a 2 bedroom or 3 bedroom apartment?
Probably between 800-1,200 dollars a month.
I'd pay 650 for a loft downtown. Jess and I play 650 for a loft a mile from DT right now.
Why rent when you can buy?
whos best to buy from and do yo know of any good sites online or companys to stop by and see in san an
If you are out of town 20 zillion months of the year like me, its easier to rent because you dont have to worry about things like repairs, lawns, etc. If you are always out of town, renting is the best. Buying is not an option for everyone.
True. And sometimes....it's simply just not time.
A lot of condos will take care of that stuff for you. That is why they have the monthly fee. If I had a choice between being out of town and having an empty apt. or being out of town, having an empty condo or loft, and ac ulating equity, I would choose equity. It is one of the best ways to build wealth over time.
Will the renters of the world please stand up and give some other reasons so the buyers will stfu? Seriously, it gets on my nerves how people judge renters. Buying is simply not an option for everyone.
Sorry, I'm out of town 5 days a week and buying makes a of a lot more sense.
I'd rather have something after 5 years than nothing like I would have with renting.
Nobody said it didnt' make sense! I said it's not an option for everyone!
Giving reasons why buying makes sense is hardly "judging renters", Mel. If you don't want to buy, then say so. The reasons that you gave didn't stand up to the condo amenities scenario, though, and many times you can buy for what you pay in rent. If you have other reasons that you choose not to share, that's fine, but since this is a discussion, others may benefit from both sides of it. Renting may be the best or only option for you, but that does not make it the best option for everyone.
Good for you. But that's not the case for everyone. Not everyone is in the position to buy, nor does it make sense for everyone to buy.
We moved into this house two years ago and it was a year lease and after that an option to buy at a very discounted rate. After the year, we decided (for our own reasons -- one being there's things I don't like about the house for longterm) not to buy and just stayed on a month-to-month lease.
It's the same thing with cars, for a lot of people leasing is good. And then there's people run around saying "well you don't own anything". Well that's not the number one priority for everyone.
Another example of why certain people (in other regions) don't buy.
When I lived in L.A., I rented a 2200 sq foot house for $2000 per month.
When the owner decided to sell the house, market price was $760K. Unless, I put down like 300K (which I didn't have in my back pocket), mortgage payments would have been ridiculous.
So I decided to stay renting.
Zunni, I apologize if you thought I was saying you were being judgemental. But more than once in this forum there has been the buying vs. renting or leasing vs. buying a car debate, and the buyers always thumb their noses at leasers/rentals. They act like its so easy and mindless to just buy a house. Some people are simply not in a position to do so and it has nothing to do with being uninformed. I am sure the unsolicited advice was meant with good intentions but it also sounds condescending. Again, not you specifically, but just in general.
A larger rendering from their website:
www.thevistana.com
Fair enough, Mel. I wasn't in on those discuusions, and I can easily see where there are scenarios where you would want to rent. I am considering a move to downtown myself, and will probably rent for the first year while I pay off some debt and to get a feel for the lifestyle. Even though I've found some relatively cheap rental space in the Southtown/SoFlo area and it would cost me more to buy (+30-40%), I'll do it when my lease is up. The difference in equity building will more than make up for the payment difference in the long run. It's like buying a sports team. You really don't make any money until you sell, but then it can be a ton.
Hold the line for the renters, Mel. Peace, out.
Ultimately, its going to be each individual's own decision whether to rent or to buy.
In my mind, one of the easiest ways to build equity is through real estate and in this market, the differences between a 2 bedroom apt and a mortgage is minimal, especially when considering the benefits.
Everyone is in different situations though, and the biggest factor in renting/buying can simply be in the cost of borrowing money.
But like I said, its a decision that everyone has to make for themselves. For me its an easy decision, especially with the line of work I will be entering into within the next 12-18 months.
Hopefully they go to the neighborhoods with all the s so Buck Rogers can steer clear of both types of people he hates (is scared of?) all in one fell swoop like the bigot he is.
It reminds me of the Tower Life of Express News building. The location is pretty nice.
I've looked at a few similar areas and, yeah, the cost is higher. But in my case, for example, I work downtown. I always have for some odd reason. Since I wouldn't have to commute I would save quite a bit (these days) on fuel expenses, I wouldn't mind putting that savings into the equity of a house than some oil company.
By the way, i've been renting the last six years. Don't have a problem with it. I'll probably be ready to buy by next spring. I paid off my debts from when I was married and now i'm ready to buy. That's called rocket science.
It looks like it should have one of these mounted on the top:
Why rent over buying? I don't have that kind of jack to lay down, and even if I did I don't plan on laying roots for awhile. When Jess finishes school and our lease is up, we're out of here. Eventually I want to settle here, but eventually is a long way off.
I inherited a house with a mortgage and it's definitely not something I would have done at that particular time in my life ... because now it's not the landlord that has to pay the cost of replacing an entire air conditioning system, fight with the city to put in concrete in the drainage ditch that runs along the entire side of my property that is basically the runoff from most of my neighborhood and has caused enough erosion that it has destroyed the brick pillars on my carport and cracked the out of my driveway...I don't even want to know the shape of my foundation (that I'll have to pay to fix, btw), broken appliances, homeowner's insurance, property taxes... ed up wiring, you name it, sometimes people just don't have the time or money or want the headache of having to deal with all of this .
Sometimes the joys of homeownership suck. But, hey...I still have a -load of equity I'm saving to be able to borrow against to fix the foundation when it cracks and my roof when it falls in!
Last edited by SpursWoman; 08-27-2006 at 03:01 PM.
They need to finish these lofts already. I want to live in a bad ass place downtown.
That's great, but we're talking about San Antonio.
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