What is cheaper in the long run?

iVillage Member
Registered: 05-28-2011
What is cheaper in the long run?
4
Sun, 09-25-2011 - 10:43am

I rent and pay alot.

Community Leader
Registered: 07-26-1999
Sun, 09-25-2011 - 5:36pm
I k ow I've read articles on it before, but I can't remember if there is a ral consensus. It is perceived that home ownership is cheaper because usually the mortgage is slightly cheaper and you ate building equity (hopefully) in the home. However, you also have to remember the ore things such as upkeep on the home, yard work, new flooring, etc. That neds to be done that usually in an apartment is usually the apartment's responsibility, broken a/c unit, heaters, leaking pipes, etc. I have to admit, there are days, and weeks, when my hunsband is gone all the time where I am working a full time job, taking care of 3 kids that I don't want to deal with mowing the lawn on the weekend, or trying to get other things taken care of. You also have to factor in if there are homeowner associations, their fees and rules, the cost of things you wouldn't need for an apartment such as a Lawnmower and outdoor things, and then if the apartment comp,ex has any perks like a playground, clubhouse, pool, workout room, etc. Each situation has it's pros and cons to it, each family has to look at their situation.
Photobucket
Community Leader
Registered: 07-26-1999
Sun, 09-25-2011 - 5:37pm
Excuse all the typos in that last post, just had my nails done...
Photobucket
iVillage Member
Registered: 05-28-2011
Mon, 09-26-2011 - 3:55pm
Looks like.I need to do alot of homework
Avatar for mahopac
iVillage Member
Registered: 07-24-1997
Tue, 09-27-2011 - 9:30pm

We bought our house in 2005 after renting it for 10 years.