On 9/27/2014 12:54 AM, Ed Pawlowski wrote:

Once you have a new system in place, you should be good for 20 to 30
years or so with normal wear.

I sure hope so!

I'm still a proponent of owning a home. If you plan you will have the
house paid off long before retiring. Taxes, insurance, utilities will
still go on, but they should be much lower than paying rent or a
mortgage. In 15 or 20 years, you have a lot of equity rather than a
box full of rent receipts.

I have refinanced many times, both to get a lower rate (it was over 9%
in 2000 when I bought my house!) and for a shorter term. I went first
for a lower rate, then down to 15 years, and the last time down to 10
years because the rates went so low.

Partly retired, I'm paying $300 a month (plus utilities) to live in a
2000 sq.ft. house on 1/3 acre of land. Rent in a crappy apartment is
at least 4X that.

Always some bumps in the road but the guys here can help smooth them
out.

Logically, owning is better than renting. When it comes down to the
never ending maintenance and replacements, it just makes me think about
the color of the grass on the other side.

--
ღ.¸¸.œ«*¨`*œ¶
Cheryl