Money Matters
Dear Community,

Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.

If you have questions about this, please email [email protected]

Thank you.

Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.

Replies

  • I've always looked at buying as better than leasing, just like having a mortgage is usually better than renting. If you buy the truck you own it, even if you are having to make monthly payments towards it to pay the balance off. In a couple years if you choose you can go and sell it and make money off it. Plus it helps build credit! I've always owned my vehicles and am glad I did. I know that in a few years if I decide to upgrade my current vehicle, I will be able to sell it and make a few thousand which would in turn go towards the payment of the new vehicle which would lower my monthly payments.
  • image sparklerose:

    image *HiS ChAmAoLe GiRL*:
    image hesakeeper:
    I sincerely think buying is better than leasing because if you're going to make a monthly payment, I'd rather it be towards the purchase/ownership than just a borrowing fee. 
    This is the same way we feel about renting a home.

    They are not nearly the same. This is stupid. Unless you plan to keep your car for 30+ years.

     

    I actually agree with *HiS ChAmAoLe GiRL*. You don't have to live in the house the full length of the mortgage to get a return in profit out of it. When you rent a place you are basically just throwing money down down the drain because when you go to move eventually, you have nothing to show for it. When my DH and I go to sell our condo a couple years from now, we will walk away with a profit. If we had decided to rent instead of own a home, we would walk away with nothing.

  • image KenziK:
    image sparklerose:

    image *HiS ChAmAoLe GiRL*:
    image hesakeeper:
    I sincerely think buying is better than leasing because if you're going to make a monthly payment, I'd rather it be towards the purchase/ownership than just a borrowing fee. 
    This is the same way we feel about renting a home.

    They are not nearly the same. This is stupid. Unless you plan to keep your car for 30+ years.

     

    I actually agree with *HiS ChAmAoLe GiRL*. You don't have to live in the house the full length of the mortgage to get a return in profit out of it. When you rent a place you are basically just throwing money down down the drain because when you go to move eventually, you have nothing to show for it. When my DH and I go to sell our condo a couple years from now, we will walk away with a profit. If we had decided to rent instead of own a home, we would walk away with nothing.

     That's how it works in an ideal world but not always. In this market, no one is guaranteed to make a profit and you usually need to hold your investment at least 5-7 years, which is a lifetime for some people. In addition, you need to consider that your "profit" needs to be more than the costs of selling (fees for real estate agents, attorneys) and buying another place (fees associated with mortgages, inspections, even just paint and minor fixes prior to moving in).  

    ETA: And you don't walk away with "nothing" when you rent. You walk away (which is a luxury in and of itself when so many people are underwater on their mortgages) after a year (or more) of relatively hassle-free living where you don't have to worry about the roof leaking or the water heater needing to be replaced.  

    [IMG]http://i45.tinypic.com/2ladkkm.jpg[/IMG]
    <a href="http://www.thebump.com/?utm_source=ticker&utm_medium=HTML&utm_campaign=tickers" title="Trying to Conceive"><img src="http://global.thebump.com/tickers/ttedbf2.aspx" alt=" Baby Birthday Ticker Ticker" border="0" /></a>
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