Renting or buying?

Do you rent or have a mortgage/own your home?

What are the advantages of both and if you rent, are you hoping to own your own home in the future?

How important is it for you to own your own home?

Could you state your moon and which house it falls in and also the sign and any planets in the 4th?

I have owned homes in the past and I’m renting a lovely house at the moment but would like to be a home owner in the future.

Taurus moon in the 2nd house ..

Cancer in 4th

Thanks

🌟

I used to own a home and now rent. The advantages of home ownership are pride and eventually your payments become lower (like in 5-10 years). The downsides are that you are responsible for everything about it including roof tiles, air conditioner/heater not working, plumbing shit (no pun intended). The other downside is lack of mobility, because it can be an anchor having to deal with selling it, especially if you have to do it quickly. The advantages of rent are mobility and not having to worry about anything that breaks. The downside is that you can end up with really crappy appliances, etc.

I'd like to own again, eventually but when I get more settled.

Pisces moon in the 8th house, Neptune in the 4th house, 4th house is scorpio

Posted by rabidtalker

I used to own a home and now rent. The advantages of home ownership are pride and eventually your payments become lower (like in 5-10 years). The downsides are that you are responsible for everything about it including roof tiles, air conditioner/heater not working, plumbing shit (no pun intended). The other downside is lack of mobility, because it can be an anchor having to deal with selling it, especially if you have to do it quickly. The advantages of rent are mobility and not having to worry about anything that breaks. The downside is that you can end up with really crappy appliances, etc.

I'd like to own again, eventually but when I get more settled.

I agree and am trying to weigh up the pros and cons

Thanks

Posted by alexscaries

The advantage of owning is it's yours and the rent won't go up. Main advantage of renting is someone else pays for the repair work (usually).

No placements in 2nd house, Uranus in 4th.

Are you renting Alex?

Posted by rabidtalker

I used to own a home and now rent. The advantages of home ownership are pride and eventually your payments become lower (like in 5-10 years). The downsides are that you are responsible for everything about it including roof tiles, air conditioner/heater not working, plumbing shit (no pun intended). The other downside is lack of mobility, because it can be an anchor having to deal with selling it, especially if you have to do it quickly. The advantages of rent are mobility and not having to worry about anything that breaks. The downside is that you can end up with really crappy appliances, etc.

I'd like to own again, eventually but when I get more settled.

☝️ This

Leo moon in the 9th H

Empty pisces 4th H

I am currently renting. I suppose I would like to own my own home but I am in no rush.

The upside is you get people to fix the big issues, the downside is, any "improvements" you make, you doing it for the end benefit of the home owner (esp) things like gardening, which is something I love.

Moon in Gemini in the 8th house.

Empty 4th house. I don't know how my 4th house works tbh.... its in Cap but so is my 5th.

I have the same issue with my 9th and 10th house

Posted by MrsElleCappysnatch

Currently I have both.

I am renting an apartment that I love 1000% more than I ever loved any home I've owned.

I own a home I'm remodeling and it is proving to be a gigantic money pit that I would literally sell my soul to get rid of it. I have had it since 2005 and have had nothing but problems with it.

I will never own another house. Ever.



Aries moon in 6th house

Empty Aquarius 4th House

Are the homes close to each other?

Are you hanging onto it to leave to your sons or do you hope to sell it before then?

Renting is what I'm currently doing at the moment and it sucks. Giving money away to something that will never be mine for over a 2 year span isn't my cup of tea.

I owned a nice home that appreciated well, but after the divorce neither of us kept it. With the market the way it is I will purchase one soon pretty soon. To own and to provide upgrades to me is priceless.

Rent 💸

I haven't found a home I'd wanna commit to and own.

I don't like the community aspect of condos in my area 💀 and I don't see the point of buying a house all for myself : paying crazy taxes... the upkeep..ect.

I live in a quiet area, my rent is reasonable ( I'm very lucky...) & I'm able to save / put money aside....we'll see in a few years how I feel about it, what life brings my way.

Renting atm. We have been looking and making low ball bids on auction and foreclosure type properties cause our cheap asses want a deal.

Rn its still cheaper to rent than own... but I'm noticing a trend of properties being slashed. People are fearing a dip and wanting to bail NOW. Biggest problem in la for our price point is lack of inventory so hopefully that continues to change.

I'm hearing we will reach rock bottom of this slump in another 12-18months and we are ready for it!

IDK if its aries moon luck (mines in 2nd house) but weirdly always land on my feet. I posted a while back about ditching my office in order to keep funds to pay employees because I value the people I've invested in over the brick and mortar.

Well we had moved all the stuff to the other business office which is a much nicer location. This building never has openings but with the virus several companies folded and we were able to move to a larger space within the building for just a few bucks more. Its sitting empty of people with everything going on but will be great once things get back to normal-ish. Been making trips to get things pretty. Taurus venus in 4th.

I have owned the same place for 10+ years. I believe renting to be a mistake. As well as paying off your mortgage, lol.

You could take an interest-only mortgage (with the option for capital payments at your discretion) and pay LESS than what you would for your rent. Let's say you buy a place for £150K, talking a mortgage of £100K. Interest is about £2900 pa. Rent for a similar place would be £6000 pa. And your place is going up in value each year! Of course they will be some extra costs as an owner, but you'll still be at advantage.

Paying rent actually means you are paying both the mortgage and towards the living expenses of the owner!

Now, why shouldn't you pay more than just the interest? Well, if your interest is only 2.9% , and you have extra money to spend, why don't you buy stock that pays 6-10% dividend ? Or growth stock (no dividend, but the possibility to double up in value in 2-10 years, and so the capital you invested).



Pisces Moon in the 3nd house

Pisces in 4th

Posted by MrsElleCappysnatch

Posted by MyStarsShine

Posted by MrsElleCappysnatch

Currently I have both.

I am renting an apartment that I love 1000% more than I ever loved any home I've owned.

I own a home I'm remodeling and it is proving to be a gigantic money pit that I would literally sell my soul to get rid of it. I have had it since 2005 and have had nothing but problems with it.

I will never own another house. Ever.



Aries moon in 6th house

Empty Aquarius 4th House

Are the homes close to each other?

Are you hanging onto it to leave to your sons or do you hope to sell it before then?

They are in different cities about 20 minutes away from each other.

My sons don't want it. That was the original plan but it proved to be more of a headache than what it is worth. They both live in Texas now and have no plans of making back to this area.

I hope to sell it. However, I'm going to lose money on it no matter what because the equity took a huge hit during the 2009 recession and the area has stopped any development since then, so any hope of recovery is lost.

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Oh right.

I got stuck in the mindset that I had to leave property for our son but he, like your guys said he isn't interested. My dad sold up his place after mum passed and gave some of the profits to me and my sister's family. He said he'd rather see us enjoy the money whilst he was still alive. I really liked that idea 💚

Posted by MrsElleCappysnatch

Currently I have both.

I am renting an apartment that I love 1000% more than I ever loved any home I've owned.

I own a home I'm remodeling and it is proving to be a gigantic money pit that I would literally sell my soul to get rid of it. I have had it since 2005 and have had nothing but problems with it.

I will never own another house. Ever.



Aries moon in 6th house

Empty Aquarius 4th House

why don't you just rent it out to other people. You could you could at least get some money on the side

Rent for me. Till I die

I rent, it's too expensive to own here. Although mortgages are cheaper then rent, but I'd rather be in something newer, then have a mortgage on a fixer upper.

Prices have quadrupled in the last 15 years. I plan on moving somewhere in Florida in the future and buying. I would never buy in the bay area. You get shacks for the prices of mansions, elsewhere.

This isn't my city, but it's in a part of the Bay area where I live, so you get an idea of what prices look like for they types of small housing available.

I own. The advantages are:

- Building my equity

- No one is hassling me for rent hike or eviction

- I don’t have to deal with a lousy landlord

- Whatever I’m putting into my property in repairs, I will get back when I sell it. Also, I’m reaping the benefits of the repairs.

Disadvantages of owning:

- I’m financially responsible for anything that needs to be repaired

- Mobility - can’t travel that freely unless I can have my siblings check up on my property

- having to worry about the potential of this property underselling

I have a housemate in a 4 bedroom in a prime location so I rent. The average price of a single family home sold here in 2019 was 7.589 million so it's not really feasible to own unless you're a multi-millionaire. I'll move back to the East Coast later in life and just buy something outright. I spend a lot on life style (travel, experiences, dining etc.) so I wouldn't give that up just yet to be bogged down with a mortgage in one spot. https://www.google.com/amp/s/www.mansionglobal.com/amp/articles/aspen-colorado-has-the-highest-entry-price-in-the-u-s-for-luxury-homes-69765

I own a townhouse, bought it after my divorce and sale of our house in California.

I love owning my own place! Being able to paint with warm colors ❤️ Instead of stupid boring white walls. Plus my mortgage is low and rents have gone up a ton since I bought. It was a great decision buying then.

Aqua moon, 1st house

4th house in Taurus, no planets

Posted by Marai

Now in the process of buying my first home... Mainly because rent here is like throwing money away, and I just want something I can call my own and maybe pass down to my kids or keep it as a vacation house in case I/we ever move again. Found a place I can see myself growing old in.

Aqua moon

4th in Gemini

Sounds lovely 😊 🏡

Posted by tiziani

That reminds me, I've actually got to take out an ISA this year. Adulting.

You renting tiz?

Posted by tiziani

Posted by MyStarsShine

Posted by tiziani

That reminds me, I've actually got to take out an ISA this year. Adulting.

You renting tiz?

When I move back to Italy yes.

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When are you going back?