I'm still convinced these people are crazy.

goducks10 wrote:

SkiMore wrote:

mileshuff wrote:

I suppose it depends on the property taxes in a particular area. None the less I tend to think rent payments added up will be far higher than property taxes added up assuming a wash or gain on mortgage payments.

In Phoenix my property taxes are only $1200 a year.

I think you are correct in assuming that rent will generally be higher than property taxes.

Wow. Your property taxes are low. I'm jealous.

NYCgrrl wrote:


How are you going to like paying rent when you retire? And how much will it be. Rents are always going up. Retirement usually means fixed income. When your house is paid for you own it. It's a lot easier to come up with $100-200 for property taxes each month than it is to come up with $1000 for rent.
JMHO but being able to own a house when retired trumps the extra maintenance you spend. Peace of mind is a valuable option.

Just want to point out that renters do pay property taxes and capital improvements/maintenance; just can't take them off their taxes. It is after all factored into the rent.

True. Lots of things are factored into rent.

My point was that if you rent you don't have certain expenses you would have if you owned. Rent isn't 100% wasted money.