Anyone gone from owning to renting?

543 Views 6 Replies 6 Participants Last post by kayla14, Mar 19, 2007

SandyBeachBums

Discussion Starter · Mar 18, 2007

I've been accepted to the UW. I'm going to be commuting about 3 hours a day. Hopefully only 3 days a week. It looks like I can manage that most quarters.

We are thinking of selling our home. I don't see how we could afford to buy a home in Seattle. We should make about 50,000 off our house and we have a VA loan. We had a bankruptcy in 2005 though.

We are thinking about renting. But, I'm not sure how I feel about that.

We don't like our town we live in. We aren't connected to it.

But, this is my first home that I owned. It's ours you know. I'm just a little sad about giving it up.

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Aliviasmom

· #2 · Mar 18, 2007

I have moved from a 4 bedroom house to a 3 bedroom townhouse. We ended up having a HUUUUUUGE garage sale and getting rid of A LOT of stuff, but we still have a lot of stuff. It didn't really bother me too much because I wanted to get out of the town we were living in and prefered the town we were moving to. I don't really have any advice for you, but I just wanted to let you know that it's possible.

BTW, we're still renting, 6.5 years later, although we are in a very different place now!

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cece

· #3 · Mar 18, 2007

we did ..nak will write more later.

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momto l&a

· #4 · Mar 18, 2007

We sold our home and moved 800 miles away to rent.

Dh got a better job though houses down here are through the roof.

We may go to a mortgage broker and see what we would be approved for and see if the payments would be something we would want to take on. What we pay for rent right now we are comfortable paying.

I detest renting, gotta ask permission for this and that.

i also dont care for the lack of stability in renting. The house could come up for sale at anytime. That may not like us and kick us out ect ect.

We would love to own again but i just don't know if its possible here.

Renting is very hard on me.

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sapphire_chan

· #5 · Mar 18, 2007

You might find inspiration for your questions from Delight's thread.

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SandyBeachBums

Discussion Starter · #6 · Mar 18, 2007

Yes, I've been reading her threads. When we had one child we lived in 400 sq feet and it was fabulous! But, there is no way we can legally live in a small space like that. Plus, we are moving to a place with higher rents not lower.

So, we aren't really saving anything but time at this point.

I'm worried it might mess up my Financial Aid, too. I've got to check with the office.

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kayla14

· #7 · Mar 19, 2007

I went from owning a larger house (2000sq ft), to renting a 1000sq ft house at a higher cost than my mortgage.
It has been frustrating on more than one occasion, but there is NO possible way for us to afford to live here, and we love our new city. So given the option of moving somewhere else, or keep on renting, we chose to rent. Its not the end of the world, and it is nice when something goes wrong to just call up the landlord and let her deal with it.

Hope that helps a bit!

Lisa

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