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ripcord

(5,553 posts)

5. I bought and am paying less than the going rental rate in our area

Reply to no_hypocrisy (Original post)

Tue Jul 26, 2022, 11:08 AM

Jul 2022

I applied for and received a USDA rural, no money down home loan, I was able to put a 1800 sqft mobile, 2 car garage and a small metal workshop on 2.5 acres and my monthly payments are less than I would pay to rent a smaller place. I have watched rent prices climb in California and knew they weren't likely to stop any time soon, the desert might not be paradise but I can comfortably afford to retire here.

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My monthly rent just went up $200 and I'm still "lucky". [View all] no_hypocrisy Jul 2022 OP

Sounds like this might work out... Karadeniz Jul 2022 #1

Then there are people who move every few months IronLionZion Jul 2022 #2

So glad you can stay in your home w/some budget changes. And you got a good landlord who cares. n/t iluvtennis Jul 2022 #3

I know of several meal recipients that are being evicted by landlords erronis Jul 2022 #4

Greed rising to avarice levels is killing our country. Whether it be housing rental costs, justhanginon Jul 2022 #6

I bought and am paying less than the going rental rate in our area ripcord Jul 2022 #5

Sounds like a good deal! piddyprints Jul 2022 #7

I closed about a month ago on a USDA loan dsc Jul 2022 #9

Not an option where I live (northern NJ) no_hypocrisy Jul 2022 #10

$350K sounds cheap nt msongs Jul 2022 #12

Good for you! Baggies Jul 2022 #8

Getting wiring fixed could prevent a fire, glad that's being done. Liberty Belle Jul 2022 #11