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Response to bhikkhu (Reply #43)

Mon Feb 9, 2015, 02:54 PM

61. That's the approach we took -

although I won't claim to have really thought it through deeply. We simply graduated (multiple degrees) with massive debt so we started renting. We don't have the tax benefits of buying, but we don't have the "money pit" or "underwater" issues either. We've been paying off debt, raising our children, and looking forward to being able to send them to college & have a retirement. Now that we have net worth (ie we could actually pay off all the debt with what we've saved - if we were comfortable taking it out of savings) we will likely buy if we come into money through additional promotions or inheritance. I don't know that it would be the right choice for most people but we've been ok with it and we can move at a moment's notice if we do lose employment or want to take a new opportunity.

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LineLineLineLineReply That's the approach we took -
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