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Cars & Coffee Killer
Join Date: Sep 2004
Location: State of Failure
Posts: 32,246
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I just ran the numbers and the renter/buyer would have to bring $22,000 to the table so that I could purchase my next house with the same amount down as I could if I sold it outright.
I'm sure the potential renter/buyer probably won't have that kind of cash.
The way I look at it, is selling is a one-time headache. Renting is a continuous headache. Doing a rent-to-buy agreement with the expectation that I will have to put the house on the market again is a continuous headache that ends in a migraine.
I need to be compensated to want to take it on, and I don't want to have to make sacrifices to make it work because it's not something I particularly want to do.
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Some Porsches long ago...then a wankle...
5 liters of VVT fury now
-Chris
"There is freedom in risk, just as there is oppression in security."
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