John Turner

Whew…haven’t posted in awhile. Been busy. Big projects are heating up at work (you wouldn’t think that would be true, given the news headlines, but it is what it is) and the weather is warming up here, which means I’ve been gearing up for projects outside. A work friend sent me this link the other day. It is an analysis of the cost of owning a house vs. renting. There’s a lot of info there, pretty dense, but the guy makes a convincing argument. I sent him an email, though, and pointed out that his analysis doesn’t apply in some areas of the country, especially someplace like Michigan, which has the worst economy in the entire country. That isn’t a good thing, obviously, but what it does do is offer people who are savvy with their money some pretty good deals. And not just on houses, either. The point: in some areas of the country, it actually makes sense to own rather than rent, assuming your lifestyle fits. If you’re one of those people that travels all the time, or you don’t want to do any maintenance or improvement, you’re better off renting regardless.