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Is apartment living really all that great?
Posted on 11/10/18 at 9:43 am
Posted on 11/10/18 at 9:43 am
How much has your rent raised up, apt residing folks? And do you plan on always residing in an apt?
I learned the hard way at a semi-independent living program, that the rent was just going to keep being raised.
I learned the hard way at a semi-independent living program, that the rent was just going to keep being raised.
22
Posted on 11/10/18 at 9:55 am to Claymation213
Posted on 11/10/18 at 10:18 am to Claymation213
Posted on 11/10/18 at 10:20 am to Claymation213
If you own a home on Gus Young, is home ownership really that great?
I think it depends on a lot...
I think it depends on a lot...
Posted on 11/10/18 at 10:38 am to Claymation213
I’ve lived in an apartment for awhile now and moved something like 7 times. I have really enjoyed renting...it’s easy and my cost / cash flow for housing is very predictable. There are a ton of amenities that I otherwise wouldn’t have if I owned a home. Rent insurance is super cheap and I don’t deal with a lot of headaches of home ownership (taxes, appraisals, things breaking, etc.).
Posted on 11/10/18 at 11:24 am to Claymation213
quote:
learned the hard way at a semi-independent living program, that the rent was just going to keep being raised.
You had to learn that rent was going to be raised?
Posted on 11/10/18 at 11:26 am to Claymation213
For a single person it’s probably preferable over a house. For a married couple with no kids it’s a tossup depending on lifestyle.
Obviously family with kids a house would be better.
Obviously family with kids a house would be better.
Posted on 11/10/18 at 3:12 pm to Claymation213
Lived in an apartment for 5 yrs and my rent never went up. 
Posted on 11/10/18 at 3:55 pm to Claymation213
I want a house one day but I like not cutting the grass or shoveling the snow for now
Posted on 11/10/18 at 4:12 pm to Claymation213
I've never had my rent raised while I lived somewhere. That includes something like six years in one apartment.
And it has positives and negatives, like anything else. I will say that I was a big fan of not having to pay a dime when both the indoor and outdoor units in my previous apartment needed to be replaced.
And it has positives and negatives, like anything else. I will say that I was a big fan of not having to pay a dime when both the indoor and outdoor units in my previous apartment needed to be replaced.
Posted on 11/11/18 at 1:03 pm to Claymation213
Posted on 11/11/18 at 6:33 pm to Weagle25
quote:
You had to learn that rent was going to be raised?
If you are renting from a mom and pop operation they will often rather keep a really good tenant long term than raise rent every time the lease is up. I really enjoyed living in a apartment when I was single. Now that I am retired and getting older I can see renting again in my future. The freedom from homeowner headaches, and the ability to just pack up and move to a new city if we fell like it would be nice.
This post was edited on 11/11/18 at 6:37 pm
Posted on 11/11/18 at 6:40 pm to EA6B
+1 to renting once I’m retired. Sure, big ol house is fun now, but I can easily foresee a time when I don’t want to fool with exterior maintenance, yard work, etc. Rent is a fixed, easily budgeted expense. No unpredictable expenses like a tree through your roof or A/C failures.
Posted on 11/11/18 at 10:28 pm to Claymation213
It all depends on whether or not you have a good landlord and neighbors.
If you have a good landlord, you never have to worry about fixing things.
If you have good neighbors, you won't get bothered.
Cutting grass and spending all your time fixing crap really sucks, and in a good apartment, you never have to do any of that crap. You just...live there. If it's just you and like one other person, it's so much easier than owning a house.
If you have a good landlord, you never have to worry about fixing things.
If you have good neighbors, you won't get bothered.
Cutting grass and spending all your time fixing crap really sucks, and in a good apartment, you never have to do any of that crap. You just...live there. If it's just you and like one other person, it's so much easier than owning a house.
Posted on 11/11/18 at 10:58 pm to kingbob
quote:
It all depends on whether or not you have a good landlord and neighbors.
In the unfortunate event you don't, you pack up and move when the lease is up. When you own a house you are more likely to just endure lousy neighbors.
Posted on 11/11/18 at 11:03 pm to Claymation213
You can’t really put a price on the satisfaction that comes from pissing in your own backyard.
Posted on 11/12/18 at 5:57 am to kingbob
You realize homeowners can pay people to do that work for them, right?
Posted on 11/12/18 at 7:22 am to Upperdecker
quote:
You realize homeowners can pay people to do that work for them, right?
But that further throws off the calculus of apartment renters “throwing away” money. Once you combine the cost of all of your throw away non mortgage principle costs, e.g. property taxes, insurance, mortgage interest, material costs for repairs, labor cost for repairs, lawn maintenance, home “owners” spend a hell of a lot of money that isn’t initially obvious.
Posted on 11/12/18 at 7:41 am to Joshjrn
That’s true. But I know at least in my case I’m spending less if you don’t include the principle than I would be if I was renting. Which means I’m throwing away less. My overall spending is greater, but I can afford it to throw away a lot less. I’m definitely not throwing away an average rent every month
Posted on 11/12/18 at 8:01 am to Upperdecker
I imagine that depends on where you live. If you don’t mind my asking, what would you add up all of those considerations to be for you?
And being it’s the one soft number, include what you are estimating for monthly repairs.
And being it’s the one soft number, include what you are estimating for monthly repairs.
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