Quote:JFerio wrote:Quote:ordnance11 wrote:...your relatives must live someplace where rents (and deposits) are cheap because demand isn't there.
Thanks. At least you guys are better than my relatives. They're asking me why don't you just get an apartment while you're house hunting. I had to explain that
1) I'd end placing what money I had set aside as a deposit rather than using it as earnest money, and then cough up more money as earnest money.
2. I'd have to unpack then pack again. And pay the movers to pack and unpack. I'd rather do it once.
3.) I'd end up either paying money to beak the lease or pay an exorbitant monthly market rental rate.
And then I told them, aren't you guys suppose to cheer me up rather than indicate I quit looking?
We bought a house (we'd talked about the idea prior) when we did because we were seeing, at most, another year before Denver's incredible stratospheric rise in rental rates would have forced us to move anyway (we'd had something like a $150-200 increase for our second year in the apartment). So we figured we'd make every effort to make it the last move, and lock in what we were paying. I'd be shocked if we aren't paying less than our third year rent would have been set at.
That's really the other reason to buy - locking in the monthly payment for decades.
It's more of the case they've lived in the same house since 1985 and it's bought and paid for.
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