Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the ninja-tables-pro domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/dumblittleman/public_html/wp-includes/functions.php on line 6121

Deprecated: Return type of IfwPsn_Vendor_Zend_Config::count() should either be compatible with Countable::count(): int, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /home/dumblittleman/public_html/wp-content/plugins/post-status-notifier/lib/IfwPsn/Vendor/Zend/Config.php on line 248

Deprecated: Return type of IfwPsn_Vendor_Zend_Config::current() should either be compatible with Iterator::current(): mixed, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /home/dumblittleman/public_html/wp-content/plugins/post-status-notifier/lib/IfwPsn/Vendor/Zend/Config.php on line 258

Deprecated: Return type of IfwPsn_Vendor_Zend_Config::next() should either be compatible with Iterator::next(): void, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /home/dumblittleman/public_html/wp-content/plugins/post-status-notifier/lib/IfwPsn/Vendor/Zend/Config.php on line 278

Deprecated: Return type of IfwPsn_Vendor_Zend_Config::key() should either be compatible with Iterator::key(): mixed, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /home/dumblittleman/public_html/wp-content/plugins/post-status-notifier/lib/IfwPsn/Vendor/Zend/Config.php on line 269

Deprecated: Return type of IfwPsn_Vendor_Zend_Config::valid() should either be compatible with Iterator::valid(): bool, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /home/dumblittleman/public_html/wp-content/plugins/post-status-notifier/lib/IfwPsn/Vendor/Zend/Config.php on line 304

Deprecated: Return type of IfwPsn_Vendor_Zend_Config::rewind() should either be compatible with Iterator::rewind(): void, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /home/dumblittleman/public_html/wp-content/plugins/post-status-notifier/lib/IfwPsn/Vendor/Zend/Config.php on line 292

Deprecated: Return type of IfwPsn_Wp_ORM_Idiorm::offsetExists($key) should either be compatible with ArrayAccess::offsetExists(mixed $offset): bool, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /home/dumblittleman/public_html/wp-content/plugins/post-status-notifier/lib/IfwPsn/Wp/ORM/Idiorm.php on line 1836

Deprecated: Return type of IfwPsn_Wp_ORM_Idiorm::offsetGet($key) should either be compatible with ArrayAccess::offsetGet(mixed $offset): mixed, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /home/dumblittleman/public_html/wp-content/plugins/post-status-notifier/lib/IfwPsn/Wp/ORM/Idiorm.php on line 1840

Deprecated: Return type of IfwPsn_Wp_ORM_Idiorm::offsetSet($key, $value) should either be compatible with ArrayAccess::offsetSet(mixed $offset, mixed $value): void, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /home/dumblittleman/public_html/wp-content/plugins/post-status-notifier/lib/IfwPsn/Wp/ORM/Idiorm.php on line 1844

Deprecated: Return type of IfwPsn_Wp_ORM_Idiorm::offsetUnset($key) should either be compatible with ArrayAccess::offsetUnset(mixed $offset): void, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /home/dumblittleman/public_html/wp-content/plugins/post-status-notifier/lib/IfwPsn/Wp/ORM/Idiorm.php on line 1851

Deprecated: Return type of IfwPsn_Wp_ORM_IdiormResultSet::count() should either be compatible with Countable::count(): int, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /home/dumblittleman/public_html/wp-content/plugins/post-status-notifier/lib/IfwPsn/Wp/ORM/Idiorm.php on line 2028

Deprecated: Return type of IfwPsn_Wp_ORM_IdiormResultSet::getIterator() should either be compatible with IteratorAggregate::getIterator(): Traversable, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /home/dumblittleman/public_html/wp-content/plugins/post-status-notifier/lib/IfwPsn/Wp/ORM/Idiorm.php on line 2037

Deprecated: Return type of IfwPsn_Wp_ORM_IdiormResultSet::offsetExists($offset) should either be compatible with ArrayAccess::offsetExists(mixed $offset): bool, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /home/dumblittleman/public_html/wp-content/plugins/post-status-notifier/lib/IfwPsn/Wp/ORM/Idiorm.php on line 2046

Deprecated: Return type of IfwPsn_Wp_ORM_IdiormResultSet::offsetGet($offset) should either be compatible with ArrayAccess::offsetGet(mixed $offset): mixed, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /home/dumblittleman/public_html/wp-content/plugins/post-status-notifier/lib/IfwPsn/Wp/ORM/Idiorm.php on line 2055

Deprecated: Return type of IfwPsn_Wp_ORM_IdiormResultSet::offsetSet($offset, $value) should either be compatible with ArrayAccess::offsetSet(mixed $offset, mixed $value): void, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /home/dumblittleman/public_html/wp-content/plugins/post-status-notifier/lib/IfwPsn/Wp/ORM/Idiorm.php on line 2064

Deprecated: Return type of IfwPsn_Wp_ORM_IdiormResultSet::offsetUnset($offset) should either be compatible with ArrayAccess::offsetUnset(mixed $offset): void, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /home/dumblittleman/public_html/wp-content/plugins/post-status-notifier/lib/IfwPsn/Wp/ORM/Idiorm.php on line 2072

Deprecated: IfwPsn_Wp_ORM_IdiormResultSet implements the Serializable interface, which is deprecated. Implement __serialize() and __unserialize() instead (or in addition, if support for old PHP versions is necessary) in /home/dumblittleman/public_html/wp-content/plugins/post-status-notifier/lib/IfwPsn/Wp/ORM/Idiorm.php on line 1985

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the remove_dashboard_access domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/dumblittleman/public_html/wp-includes/functions.php on line 6121

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wp-table-builder domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/dumblittleman/public_html/wp-includes/functions.php on line 6121

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the health-check domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/dumblittleman/public_html/wp-includes/functions.php on line 6121

Deprecated: Optional parameter $rowId declared before required parameter $tableId is implicitly treated as a required parameter in /home/dumblittleman/public_html/wp-content/plugins/ninja-tables-pro/src/TableEditor.php on line 345
Pros and Cons of Buying vs. Renting a home
Site icon Dumb Little Man

Pros and Cons of Buying vs. Renting a home

House Key

House Key

Last week a recent comment by LAMoneyGuy on Dumb Little Man made me think about this topic. Then today, a message on Positive Sharing made me more curious.

Since I am a landlord, I want people to rent. I just don't believe it makes sense financially over the long term. I have always said that buying a property was the way to go. However, I agree now that there are times when renting may be appropriate.

To help get people to a conclusion on what does in fact make sense in their world, I am posting the pros and cons of buying a home. Everyone's situation is a little different, so simply cross of the items that don't pertain to you.

If you have any additional pros/cons feel free to add them to the comments or email us. If it belongs on the list, we'll add it. I anticipate doing the same because it's a certainty that I will think of something in the middle of the night.

The Pros and Cons of Buying.

BUYING

CONS:

You have no control over these. A municipal referendum could pass subsequently increasing your tax rate to a level you didn't expect. My rate was 2.25% when I moved in. Today it's at 2.65%.


BUYING

PROS:

You can write off your mortgage interest and property taxes.

Next week I will do this again with the renting scenario. I have 2 tenants lined up to talk to this weekend so we'll learn first hand what they say. It should be interesting, one used to own a house and got rid of it for simplicity and one is on public assistance who rents out of need.

– Jay

Exit mobile version