Originally Posted by
TejanoTrackie
Once I knew I was going to stay put for a few years, I bought a house, and now that the mortgage is paid off I can easily afford live on just social security and a small annuity pension. The only reason to rent IMO is if you are constantly moving or have a minimum wage job or live in Socal.
Yeah I know, it's all timing. 21 years ago I moved into a "bohemian" neighborhood, it gentrified but my landlord has kept the rent *way* under market. By the time I could afford to buy, my housing expense would have tripled if I bought the same size in the same neighborhood. Instead I've been putting it into the stock market which has played out pretty well.
It's all moot anyways, New Orleans is going to be underwater by the end of the century, maybe within my lifetime.
