For more tips on renting affordably , check out this Rent. Here I am again, negligently opening up the can of worms that is discussing the most emotional financial decision anyone ever makes in a country where home ownership is considered a blood oath rite of passage to adulthood and happiness. What could go wrong? I think this post will bring you to my dark side, because it allows you to live in your cake and invest it, too.
If I can live in it as a renter, I get the best of both worlds. Even the real estate market in an expensive metropolis like NYC has benefited from average annual increases of 2. Do you want my kids to suffer in silence in square feet of rented squalor? When my hot water furnace broke, someone came and installed a new one the next day.
For free. When a small piece of metal fell down the garbage disposal and destroyed it, a nice man showed up that afternoon and put a new one in. When drains clog, lightbulbs die, filters need replacing… I submit my request and my Fairy Godfather with a toolbox comes and makes everything better at no expense to me.
Keep that in mind for later. The best time to buy a house? When you can actually comfortably afford it. Kristy includes all the small fees title search, recording fees, lawyer fees, etc. You have to insure your home. Kristy claims the average national cost is about 0.
This gets paid annually. In my Google searches, the average looked to be closer to 0. In parts of states that have no income tax like Texas , this can be quite the PhatBill.
