Do you rent or own your home??

[JOERM]

Don't know why but this question popped into my head wondering who on this forum owned or rented their home considering the economic situation these days.

 

[Old 44 Guy]

Yeah; I've 2 rentals & none paid for. Including the wifes house that isn't paid for either.Does that count?

 

[Sprefix]

I live very cheap and I own my little place outright. It is no great shakes, but it is warm, dry, clean, and all mine!! I don't like "others" to have control over my financial decisions. My taxes are pitifully low compared to the average persons and I am proud of that. I'm employed and can afford a "nice" house, but I only need what I have. Most peoples' stuff owns them, not the other way around. Good for you, but not for me.............Blessings

 

[forresth]

let the bank have the house I could no longer afford and couldn't come close to selling for what it was worth. owed $90k, bottomed out below $30k

I moved in with the folks, and purchased a dump outright from a tax foreclosure auction a couple of months later. I was starting to work on a free mobile home (way more rot than I'd imagined possible) when the foreclosure came up. Its a good thing I got out before I snapped.

My credit blows now, but I am more financially secure than I've been in over a decade.

 

[JustAnotherGunGuy]

Own a home in Missouri, rent in California.

 

[Mickey D]

You are too nosey.

 

[JOERM]

You are too nosey. :ro?lleyes:

No, just asken.

 

[rocketdog]

By own a home, do you mean own a home and it's paid for, or own a home but still paying for it?

 

[roarindan]

Me and the bank own this place.

 

[Rule3]

No, just asken. I owe on my home given to me. Not a smart Guy. No not.me. just wondering how normal folks on this site are doing. How can anything on the web be considered nosey? Just asken

Then perhaps make it a NON PUBLIC poll.

 

[drivinghomeatack]

I have a home in the south east and a modest house boat in the Azores.

 

[kudzu3]

I am retired and own my home, but if I ever sell, and I hope to as soon as possible, I will search for a decent country home to rent. Let someone else worry about maintenance, tax and such.

 

[NMPinNYC]

I double tapped answers; yes I own (well, credit union owns 60% of it) but I don't want to own a home... Make sense?

 

[jdh]

Think you own your home? Stop paying tribute to the state and see how long "they" continue to let you live in it.

 

[ErnieDeBord]

I own mine......and can pee off the porch !!!

 

[Mickey D]

I own mine......and can pee off the porch !!!

So that's what Alabama and Kentucky have in common.

 

[Lee in Quartzsite]

Unless it's paid for you do not "Own" your home, the mortgage company does. Same as renting only you pay the taxes and do the maintenance. When I retired I "downsized" my house and now only pay the taxes on it. It's all mine, mine, mine........

 

[Bat Guano]

Define your terms. To me you "own" it if there is NO mortgage on it or liens against it. Otherwise you may get to live in it--and pay someone else every month in hopes that you may someday indeed own it--but you don't OWN it yet.

My "kids" and most of their friends, after some experience, have no desire to trap themselves into houses again.

I do in fact, own mine. It's about half sensible and about half albatross. As my father said, " I never expected to make money on it anyway."

 

[mtgianni]

I have around 82% equity in the home the bank and I own.

 

[accessbob]

I tried owning ONCE....ONCE and that was enough for me. My wife and I are not the do-it-yourself types and I can't afford to have someone else do the work for me. So unless I win the lottery, I will remain a renter forever.