Re:Homeowner vs. Renter: Why Should You Ever Buy a House (a...
by fharper1961 on Monday May 12, 2008 @03:59AM
(#187390)
One thing nobody seems to mention is that the owner has to pay for the maintenance of the home, while the renter doesn't. Over a 30 year period there will be quite a lot to do.
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Re:Homeowner vs. Renter: Why Should You Ever Buy a House (a...
by raganwald on Monday May 12, 2008 @09:50AM
(#187568)
Landlords factor that in to the rent. Here in Ontario, we have rent control legislation, so rents do not move with the market. However, the landlord is permitted to raise the rents when the cost of maintenance rises.
If you don't want the hassle of actually dealing with maintenance, you can purchase something like a condominium, where a management firm handles the maintenance and you write a cheque each month.
So... I'm suggesting the maintenance issue is orthogonal to the ownership issue.
Re:Homeowner vs. Renter: Why Should You Ever Buy a House (a...
by rsheridan6 on Monday May 12, 2008 @11:55AM
(#187672)
True, but landlords usually either do their own maintenance or know who's good and cheap. The average person might tend to get ripped off by incompetent or unscrupulous repairmen.