So just never buy a home?
I'm not sure if I'll be living here in 5 years. I might not get another opportunity for 15 years. At that point, why not just be a life long renter?
Understood on your point wilked.
It would be nice to put some of my savings to work and invest in the purchase of what may or may not be a permanent home.
would your company buy your home or give you assistance to sell if you move?
What intrigues you about "wanting your own home?"
Company would help with moving expenses and some assistance with the home as well.Wanting own home - I suppose it's a lot of the same for anyone:
First, understand, I'm asking here because I don't know if with my current situation, it's still to be paying someone else's mortgage. That's the crux of my questions. I have decent money doing nothing yet I'm renting my place.
Space - shared walls gets old after 15 years. Especially in the nicer condos and what not with the Condo Association. I get monthly complaints about dog barking when the mailman comes. I'm a musician, it'd be nice to have play the piano or guitar as loudly as I please. Have some friends over to jam, watch a movie with surround sound, run the blender before 8 am.
Not have a crazy neighbor who is a Doomsday prepper to stop me and show me his rifle and canned goods collection. You get the Idea.
Retirement: I'd like to retire early, but even with a 15 year mortgage, turning 34 in a month puts me at the age I'd like to retire at.(50s or so) It would be nice to have a paid off home that big enough for any lifestyle I may have at that time. I would not purchase a home I don't think is good enough for any circumstance from now until death. It'd be nice to retire without a mortgage I would assume. Again, I don't know, that's why I'm asking.
Setting down some roots might change a lot of the psychology of always being ready to go. Relationships in life have suffered due to my constant flight. Being ready to leave as soon as the company called me,jumping around a lot, has, no doubt affected my personal relationships (lovelife, family, and friendships). Being able to finally call a place home permanently would be nice to some extent.i still, 15 years later refer to Rhode Island as home. In short, I think there may be some level of happiness missing in that side of life.
A few of the major things above. Which all may be TERRIBLE reasons to buy a home. And you're all probably spot on... Home ownership is not my bag and not a financial safe haven. I'm ignorant, completely, hence my participation today.