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From: tbg@apollo.uucp (Tom Gross)
Newsgroups: misc.invest,misc.taxes
Subject: Renting vs. Owning
Message-ID: <30b2bffe.2a75@apollo.uucp>
Date: Tue, 14-Oct-86 17:40:09 EDT
Article-I.D.: apollo.30b2bffe.2a75
Posted: Tue Oct 14 17:40:09 1986
Date-Received: Wed, 15-Oct-86 20:29:40 EDT
Organization: Apollo Computer, Chelmsford, Mass.
Lines: 28
Xref: mnetor misc.invest:1 misc.taxes:1


             

    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.

    Yeah, yeah, I know, there's eminent domain and all that, but
    in that case the government usually gives you more than a
    month to find a new place to live.  

    My wife and I were "evicted" from the LAST apartment my wife and
    will ever rent, because the owner of the unit decided he wanted
    a place to live, and so our lease was not renewed on 30 days
    notice.  I don't care if it costs 10 times as much to own a house,
    I would rather own my own house than rent just for the added
    security of controlling my own "lease".

    Tom Gross
    Apollo Computer, Inc.
    Chelmsford, MA