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From: edwards@uwmacc.UUCP (mark edwards)
Newsgroups: misc.invest,misc.taxes
Subject: Re: Renting vs. Owning
Message-ID: <352@uwmacc.UUCP>
Date: Wed, 15-Oct-86 09:49:42 EDT
Article-I.D.: uwmacc.352
Posted: Wed Oct 15 09:49:42 1986
Date-Received: Wed, 15-Oct-86 20:31:19 EDT
References: <30b2bffe.2a75@apollo.uucp>
Reply-To: edwards@uwmacc.UUCP (mark edwards)
Organization: UWisconsin-Madison Academic Comp Center
Lines: 57
Keywords: Reality
Xref: mnetor misc.invest:2 misc.taxes:2

In article <30b2bffe.2a75@apollo.uucp> tbg@apollo.uucp (Tom Gross) writes:
>    I agree with all the reasons given for the advantages of
>    OWNING your own house.  I'm not sure (so please, I beg of
>    you, if I'm wrong FORGIVE ME; I'm just writing this while
>    I wait for my microcode to come out of the oven), but 
>    I don't think anyone has yet pointed out the BIGGEST advantage
>    of owning vs. renting, and that is:
>
>    --> You are not likely to get evicted from your OWN house.
>


  I was waiting for a bigger rebuttal to the original article, since
  there wasn't one, I'll have a go at it.


  -If you own your own home the landlord can not walk in any time he
   or she pleases.
  -There are no limitations for water beds and pets.
  -Usually the storage space in a house is greater.
  -If you leave in state that has winter you can control your own heat,
   insulation and so forth. You can decide which method of heating you
   want. ( At my apartment complex there is two temperatures too cold 
   and too hot. I often have to open windows just to get a comfortable
   room temperature.)
  -Some apartments have no facilities for laundry. Sure is nice to have
   one's own washer and dryer.
  -If you leave in an apartment you probably move more often. ( In the
   past 4 years I've moved 3 times!)
  -What about the educational value of taking out a loan, fixing up the
   house, and so forth.
  -You can have a garage to put your cars in or what ever.
  -You can have rooms set aside for different purposes, like work shop,
   sewing room, large kitchen ......
  -If you leaved in an apartment, would you be more likely to eat out ?
   Thus your savings would be diminished.
  -Buying a house is like having a forced savings account. How much would
   you really save if you were leaving in an apartment.
  -You can play your stereo louder. ( If that appeals to you )
  -Your neighbors party upstairs will not bother you any more.


    It seems that unless you were a hermit, had scrooge like abilities
    to save or invest your money that the benefits of owning a house far
    out way the benefits of renting.


    Can anybody add any thing to these statements ?


    mark



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