DIY & Home Improvement

Rorey

(8,514 posts)

9. Look at it this way.

Thu Jul 16, 2020, 05:27 PM

Jul 2020

$60,000 plus $40,000 = $100,000. You've lived in it for 25 years, which is 300 months. That figures out to $333 per month rent. Well worth it, IMO. (Plus, at the end of the day, you have the house, even if it didn't appreciate.)

I had to refinance last year when I got a divorce, and it's very unlikely that I'll pay off the house before I move out or die, but I still just consider the mortgage payment to be rent. I love my neighborhood and my neighbors, and I love my house, even though there's lots to do. At this point, I know that I made the right decision to stay here.

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Whew! Just finished meeting with the first roofing guy [View all] Siwsan Jul 2020 OP

Sounds like you have a good plan🙂 MLAA Jul 2020 #1

Now if I can just get motivated to rip out the carpeting! Siwsan Jul 2020 #2

Oooh, nice wooden floors! MLAA Jul 2020 #3

I love my hardwood floors Rorey Jul 2020 #5

Sophie Stinky Toes will be very disappointed to lose the carpeting Siwsan Jul 2020 #7

Hilarious name for a hilarious cat Rorey Jul 2020 #8

You buy a house you never get done doc03 Jul 2020 #4

The house has actually gone up in value Siwsan Jul 2020 #6

Look at it this way. Rorey Jul 2020 #9

I agree over 25 years it is better than renting. I have thought of selling out and moving to Florida doc03 Jul 2020 #13

In Florida, roofs are outrageous in cost jimfields33 Jul 2020 #10

That's because they require 5 inspection for a new roof. Contractors safeinOhio Jul 2020 #11

One of the reasons I'm leaning towards going with a metal roof is longevity Siwsan Jul 2020 #12

I hope you have a long and healthy life. jimfields33 Jul 2020 #14

I want a metal roof Delarage Jul 2020 #15