Quote:
Originally Posted by Alby
but at the end of the day, guess what? you are only renting and have no house attached to your name while Z3guy does. you keep paying and paying and paying and paying but you still have nothing. why keep paying and not own?
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As a life long renter, I'd say I rent because:
1. Parents sold the house when they divorced, put a bad taste in my mouth for ownership
2. Enjoy moving every few years and having no responsibility / not tied down
3. Still don't know really where I want to live
Could have I made money on real estate? Sure but I have no idea how it would have changed or shaped me as a person. Having NOT owned property I've also been able to feel more like a rolling stone than someone tied to land or feeling like I need to be "a part" of Vancouver through paying property taxes and such.
A large part of not buying is definitely related to how my parents divorced, I've always assumed that if I had a long term girlfriend/wife she'd just try and take the house I paid for anyways.