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Originally Posted by luv
With everything I'll have to be paying for...
House payment insurance, property taxes, all utilities, cable, internet, trash service, buying a lawn mower, buying tools, paying to have things fixed, renovation costs (decorating, paint, etc)...
There's no way I'm gonna be able to afford anything worth having. I still have a year to pay on my car. A docto'rs bill I'm paying off, a loan I'm paying off.....
I just don't think I could do all that on one income of (currently) 12.95/hour.
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I like renting, cause I don't have to worry about crap when something breaks, I don't have to mow my lawn, my renter's insurance is 9 bucks a month, it's all good!
I have heard the costs of buying only come out ahead if you're going to be in the place for over 5 years. Less than that and its actually still beneficial to rent what with the interest and other costs.
Moooo