tbg@apollo.uucp (Tom Gross) (10/15/86)
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
edwards@uwmacc.UUCP (mark edwards) (10/15/86)
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 -- {allegra, ihnp4, seismo}!uwvax!uwmacc!edwards UW-Madison, 1210 West Dayton St., Madison WI 53706