Should we stay or should we go?
July 21, 2006 5:40 PM Subscribe
I'm considering selling my house and moving back into an apartment.
posted by hollygoheavy to Home & Garden (17 answers total) 1 user marked this as a favorite
I just took a new job with a property management company in multifamily housing. There is a really good discount for employees and I'm in an upscale community with a lot of amenities. My husband and I are not great homeowner's-we hate yardwork, neither of us are real big on DIY stuff and we just got stuck with a massive bill for a slab leak in our dining room.
Even without the discount, the rent on an apartment with the same square footage would be around $400 less than our current mortgage (we really got screwed badly) and honestly, we don't know if we really want to bother with refinancing, especially since our neighborhood seems to be slowly going downhill. With the discount it's about half our mortgage payment, and we'd have none of the homeowner crap to deal with.
I plan on staying in this industry, hopefully and most likely with this company, however employee housing discounts are an industry standard so even going with another company I'd still have that perk. One other "pro" to me is that not being tied down to a house makes me relocatable which is something my husband and I are not averse to.
Opinions? Experiences? Slaps on the back of the head for not owning a home and going back to paying rent?