Re: tenant pays $3000 for rent and not buy a house?

Re: tenant pays $3000 for rent and not buy a house? by Anonymous on May 23, 2016 @20:19

Some people don't want to deal with the hassle that goes with homeownership - mortgage payments, property taxes, repairs, yard work. $3000 a month would be a high-end rental, this wouldn't be uncommon in places like New York City where you *can't* own your own.

[ Reply ] [ Return to forum ]

Re: tenant pays $3000 for rent and not buy a house? by Garry (Iowa) on May 23, 2016 @22:39	[ Reply ]

And I will add to that-----some people may have a recent bankruptcy on their record, a very poor credit rating, they gamble or drink away savings that could go for a down payment, or other things that have prevented them from saving any money. And some people change jobs/cities/states so often, that they would never be in 1 place long enough to buy a home.

Re: tenant pays $3000 for rent and not buy a house? - Landlord Forum thread 345138