Colleen Posted January 30, 2009 Share Posted January 30, 2009 Do you own or rent your primary place of residence? Quote Link to comment Share on other sites More sharing options...
1bassoon Posted January 30, 2009 Share Posted January 30, 2009 Right now, own. Once we move, probably rent. Unless my dh finds his dream farm! ;) Quote Link to comment Share on other sites More sharing options...
Just Me Posted January 30, 2009 Share Posted January 30, 2009 We rent, but want to own. My dh just finished 4 years of Seminary, so there is no savings for a down payment at this point. We are renting from friends, though, with the intent of buying the house we are in. Quote Link to comment Share on other sites More sharing options...
Tap Posted January 30, 2009 Share Posted January 30, 2009 Dh and I have owned our own house since we were 22. We skipped the fancy wedding and used the money for a down payment instead. It is amazing how this one decision has made such a huge impact on our lives. Quote Link to comment Share on other sites More sharing options...
Scarlett Posted January 30, 2009 Share Posted January 30, 2009 Own...well, I own part of it....the bank owns the rest. 9 more years and it is all ours! :D Quote Link to comment Share on other sites More sharing options...
Melinda in VT Posted January 30, 2009 Share Posted January 30, 2009 So, what do you have against Other?;) DH and I (and the bank) own a business. Our living quarters are part of the business. Quote Link to comment Share on other sites More sharing options...
AnnetteB Posted January 30, 2009 Share Posted January 30, 2009 Still buying out the bank's share here. Quote Link to comment Share on other sites More sharing options...
LibraryLover Posted January 30, 2009 Share Posted January 30, 2009 Own...such a loaded word. lol I do pay the bank a mortgage. I would love to not have *that* bill. Quote Link to comment Share on other sites More sharing options...
Colleen Posted January 30, 2009 Author Share Posted January 30, 2009 Own...such a loaded word. lol I do pay the bank a mortgage. I wish it was possible to change a poll b/c right after I posted I realized I hadn't included an "own outright" option. Oh, well. For the purposes of this poll, we'll assume those with a mortgage "own" their home. Quote Link to comment Share on other sites More sharing options...
fivetails Posted January 30, 2009 Share Posted January 30, 2009 Rent. Wish we owned, but where we live right now the houses are shockingly overpriced for what you get...I mean like, keel over and faint expensive. Then again so are the rents. :tongue_smilie: Quote Link to comment Share on other sites More sharing options...
Andie Posted January 30, 2009 Share Posted January 30, 2009 We're renting at present. We relocated last year, after selling two homes during the year prior to our move. We don't want to buy again in this economy unless we're committed to staying in an area long-term. We'll be making that decision this year. Quote Link to comment Share on other sites More sharing options...
Crissy Posted January 30, 2009 Share Posted January 30, 2009 We own. My husband bought this house before we began dating. After marriage and kids, we remodeled so it actually fits a whole family. We intend to stay here forever. Quote Link to comment Share on other sites More sharing options...
lynn Posted January 30, 2009 Share Posted January 30, 2009 (edited) We own our house out right. Thanks to a great housing market 3 years ago:) d. Edited January 30, 2009 by lynn Quote Link to comment Share on other sites More sharing options...
Jlynn Posted January 30, 2009 Share Posted January 30, 2009 We're military living in Northern California...even though the market has dropped significantly, there's no reason for us to buy when we could move at any time. The home prices are low here by California standards...not Florida (our home state) standards. We did spend about a week looking when we moved here and the realtor and lender tried to convince us that since we have no debt we could afford between 40-50% of my hubby's monthly income on a mortgage! I explained to them that there's a reason we don't have debt...its because we don't take that sort of advice. We decided to see what the rental market had to offer and low and behold, they're renting new homes here because the builders have lost so much money with the downturn in housing...so we've got a good deal. For the Record: we've owned and sold one home in FL and it was a great investment. Quote Link to comment Share on other sites More sharing options...
Parrothead Posted January 30, 2009 Share Posted January 30, 2009 Where's the Other category? We own a house we aren't living in and rent. Quote Link to comment Share on other sites More sharing options...
runninmommy Posted January 30, 2009 Share Posted January 30, 2009 We just bought our first house after 13 years of marriage. Quote Link to comment Share on other sites More sharing options...
jonesloonybin Posted January 30, 2009 Share Posted January 30, 2009 We're renting at present. We relocated last year, after selling two homes during the year prior to our move. We don't want to buy again in this economy unless we're committed to staying in an area long-term. We'll be making that decision this year. :iagree: This is our situation also. We owned a home in Oregon. We sold and decided to move cross-country. I am not prepared to buy a house until I have found the area we want to stay in. North Carolina is full of wonderful people. (we have made more friends here in 2 yrs, than anywhere else we've lived) but I just don't think this is it for me. Quote Link to comment Share on other sites More sharing options...
HRAAB Posted January 30, 2009 Share Posted January 30, 2009 Dh and I own our house. My dh started purchasing his home right after college, and when we were first married, we put big vacations and purchases on the back burner so we could concentrate on paying off the mortgage. I should say that was his idea - not mine - but I am so thankful he had that wisdom and forsight. Best financial decision we ever made. Janet Quote Link to comment Share on other sites More sharing options...
sassenach Posted January 30, 2009 Share Posted January 30, 2009 we used to own, then we moved to California. Quote Link to comment Share on other sites More sharing options...
kat19 Posted January 30, 2009 Share Posted January 30, 2009 We rent right now. Quote Link to comment Share on other sites More sharing options...
nukeswife Posted January 30, 2009 Share Posted January 30, 2009 Where's the Other category? We own a house we aren't living in and rent. :iagree: This is us too. We own a home in WI, but we're military so we rent a house where we're currently stationed. It's just not worth trying to buy a house and then hope that when they tell us it's time to move on try to sell it. The house we own is near my family and my brother is planning to buy it from us in the near future. Quote Link to comment Share on other sites More sharing options...
nutmeg Posted January 30, 2009 Share Posted January 30, 2009 Own outright. :001_smile: Quote Link to comment Share on other sites More sharing options...
Cheryl in NM Posted January 30, 2009 Share Posted January 30, 2009 Well...actutally, technically, the bank owns our home!:tongue_smilie: Quote Link to comment Share on other sites More sharing options...
Ellie Posted January 30, 2009 Share Posted January 30, 2009 Bought our first house in 1978; our next house in 1979; the third house in 1987; and our last house (and possibly the final one) in 2004. Because we bought the first one so long ago, and the last one was in the San Francisco Bay area, we were able to pay for this one outright. Equity is a wonderful thing. Quote Link to comment Share on other sites More sharing options...
JenneinCA Posted January 30, 2009 Share Posted January 30, 2009 We owned until we got relocated. Now we rent and will probably be renting for a long time. Northern California prices are outrageous! Jenne in CA Quote Link to comment Share on other sites More sharing options...
AuntieM Posted January 30, 2009 Share Posted January 30, 2009 Bank owns the other half. :rolleyes: If I had my druthers, we'd downsize and have it paid off tomorrow. If only the market would cooperate... Quote Link to comment Share on other sites More sharing options...
lionfamily1999 Posted January 30, 2009 Share Posted January 30, 2009 Own outright, woohoo. DH and I were given the house on the death of his grandfather. It is the house dh grew up in and still has most of the original furniture (lucky us ;) ). Quote Link to comment Share on other sites More sharing options...
mcconnellboys Posted January 30, 2009 Share Posted January 30, 2009 We own outright..... Quote Link to comment Share on other sites More sharing options...
Renthead Mommy Posted January 30, 2009 Share Posted January 30, 2009 See this is the one time I actually NEED an Other!! We don't rent or own right, we live in base housing! So we don't pay anything for housing, water, electric. We owned before the Air Force. We probably won't buy for the next 15-20 years. We've moved every two years for the last 6. Next place is 3 years for certain (it's a residency) after that will maybe be 3 or 4 years, but no where we want to get a 'forever' house. Plus there are always plenty of rentals in military towns. The next rental may be a little harder to find, because it won't be a military town, but the Manhatten end of Long Island. I'm hoping the economy will work in our favor. Quote Link to comment Share on other sites More sharing options...
kzdaisy Posted January 30, 2009 Share Posted January 30, 2009 We really do own ours.Hubby paid it off early put in extra when he could, Now I am so glad he did.One less worry. Quote Link to comment Share on other sites More sharing options...
Dayle in Guatemala Posted January 31, 2009 Share Posted January 31, 2009 We are renters. We move too much right now to own anything. Quote Link to comment Share on other sites More sharing options...
CactusPair Posted January 31, 2009 Share Posted January 31, 2009 We rented for 14 years. Now we pay a mortage. I love our house, but sometimes I miss my apartment. I have a mouse in my kitchen and more snow in the drive than I can handle. Today I wish I could just call the landlord to make it all better.:001_smile: Quote Link to comment Share on other sites More sharing options...
sgilli3 Posted January 31, 2009 Share Posted January 31, 2009 We did own a house in Oz ( outright)- sold it and bought land. While living abroad, we will only rent. Finalizing house plans at the moment- and when we build- we will also own this house outright. Quote Link to comment Share on other sites More sharing options...
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