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Renting vs. Owning a Home: What's the Difference?
Investopedia ^ | 1/12/24 | By Christina Majaski

Posted on 05/09/2024 11:54:14 AM PDT by DallasBiff

Renting a Home vs. Owning a Home: An Overview

Buying a home is a huge part of the American Dream. Choosing to buy or rent, though, is a major decision that affects your financial health, lifestyle, and personal goals. Whichever option you choose depends entirely on your lifestyle and financial situation. Both require a regular income (so you can afford the payments and associated costs) and may also require a certain degree of effort to maintain.

(Excerpt) Read more at investopedia.com ...


TOPICS: Business/Economy
KEYWORDS: housing; owning; propertytax; realty; renting
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To: z3n

at the end of 30 years, you DO generally have a PLACE TO LIVE.


21 posted on 05/09/2024 12:36:05 PM PDT by NEMDF
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Comment #22 Removed by Moderator

To: fwdude

“Property taxes are the primary tool for financing local governments”.

It’s really robbery. All local governments could be downsized dramatically...But like the federal government monster, the corrupt local governments only grow in size and scope.


23 posted on 05/09/2024 12:51:19 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: dragnet2

California example: Pay a mortgage, taxes, repairs for 30 years mayby 900,000. Have a home valued 900,000. Get your money back.

Pay rent 2,000 a month for 30 years $720,000 no equity


24 posted on 05/09/2024 12:57:45 PM PDT by coalminersson
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To: z3n

You understand the difference between owning and renting after you rent a house and the landlord of your rental house tells you to move out when the lease expires because they plan to sell the house.

Yes—that happened to us—once.

Never again—no more renting.


25 posted on 05/09/2024 12:59:18 PM PDT by cgbg ("Our democracy" = Their Kleptocracy)
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To: dragnet2

About half of property taxes in Texas are for Public school districts. FAILING public school districts.

I demand a refund.


26 posted on 05/09/2024 1:00:17 PM PDT by fwdude ( )
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To: NEMDF

at the end of 30 years, you DO generally have a PLACE TO LIVE.

~~~

You got me there. Not bad. But to my point, how long will you have that place to live if you don’t pay your taxes?


27 posted on 05/09/2024 1:00:22 PM PDT by z3n (Kakistocracy)
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To: coalminersson

That’s not the problem for most people. The problem is to be allowed to buy a home, you have to keep paying the government every single month...In CA, in many cases they’re paying $7,000 ++ per year..


28 posted on 05/09/2024 1:04:08 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: z3n

In fact, I will raise the stakes on my point;

In the post covid era, particularly in red states, you are more likely to lose your place to live if you don’t pay your taxes than you are to be evicted if you don’t play your rent.


29 posted on 05/09/2024 1:04:53 PM PDT by z3n (Kakistocracy)
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To: fwdude

Renting vs. Owning a Home: What’s the Difference?

No landlord to kick you out so some illegals have a place to stay per Biden.


30 posted on 05/09/2024 1:06:53 PM PDT by Vaduz
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To: z3n

You must be great fun at parties.


31 posted on 05/09/2024 1:07:16 PM PDT by webheart
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To: z3n

I said that wrong. I meant blue states.
Gah!

It’s not really ironic that liberal states will protect renters from being evicted while they will penalize property owners for not paying taxes, but it just goes to show that no one truly owns property except the government.


32 posted on 05/09/2024 1:08:19 PM PDT by z3n (Kakistocracy)
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To: fwdude
About half of property taxes in Texas are for Public school districts. FAILING public school districts. I demand a refund.

I'm glad some people understand this. The schools are leftist sh*t shows. Tax dumpster firews. Look at what people pay for the fed border patrol, ICE etc...Hundreds of billions and billions...

And they're not getting *ANYTHING* in return.

33 posted on 05/09/2024 1:08:25 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: fwdude

Massachusetts is hell bent on rezoning for 296,806 housing units in 177 out of 351 Mass communities based on them being near the MBTA transit system, there is no limit to the number of bedrooms nor total occupants per unit. If built most will be rentals with money flowing out of the state. The region will have energy shortages. If a tenant can’t afford to live in a unit you the taxpayers from states will foot between 30 - 100% of the rent thru Section 8. Also multi-national are buying up single family homes across America.


34 posted on 05/09/2024 1:09:52 PM PDT by Sparky1776
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To: z3n

My 2024 taxes on my house have reached $293.00 this year, they raised them, I need to go down and get the 10% veteran discount.


35 posted on 05/09/2024 1:10:45 PM PDT by ansel12 ((NATO warrior under Reagan, and RA under Nixon, bemoaning the pro-Russians from Vietnam to Ukraine.))
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To: fwdude

Home ownership is very important .
Own it. Control it,
Pay it off.
Buy another one and rent it out


36 posted on 05/09/2024 1:11:08 PM PDT by HereInTheHeartland (Have you seen Joe Biden's picture on a milk carton?)
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To: ansel12

You’re bragging about your low taxes. Aren’t you cool. That makes everything great for most everyone else getting jack hammered by corrupt government taxes... Gezzz


37 posted on 05/09/2024 1:17:30 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: dragnet2

Wow, chill out, the post was completely relevant but your bitterness directed at me isn’t.


38 posted on 05/09/2024 1:22:14 PM PDT by ansel12 ((NATO warrior under Reagan, and RA under Nixon, bemoaning the pro-Russians from Vietnam to Ukraine.))
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To: ansel12

If you’re not bitter at out of control government at every level, you’re not paying attention.


39 posted on 05/09/2024 1:24:57 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: fwdude

Oversimplified, if you rent, and the toilet gets backed up, the landlord has to come fix it and he has to pay for it too.
If you own it you are very careful what you flush, because you have to fix it yourself and pay for it too.
I buy tenant-distressed homes from tenant-distressed landlords...seems to be a lot of them.


40 posted on 05/09/2024 1:29:50 PM PDT by Buttons12 ( )
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