I recently asked the members of the BuzzFeed Community who decided to give up homeownership in favor of renting to explain why.
You might be wondering why someone would rent a residence when they could own one instead, and it turns out there are indeed reasons.
Here are seven of them:
1. "My husband and I bought a 2,200-square-foot two-acre fixer-upper for $160K, fixed it up with a rehab loan for $100K in 2019–2020, and thought it would be our forever home. Then COVID hit and we realized the whole white picket fence life wasn’t for us, nor were we very handy, plus it was so freaking stressful with the cost of everything rising."
"We sold for almost $400K when the market peaked 2021–2022-ish and we paid off our debt and live in a rented, cozy 700-square-foot studio, and have genuinely never been happier — I’m able to be self-employed and we travel more with our pups. I’m sure we will buy again, but honestly with this economy and us not sure where we want to put our roots, I’m not really seeing the rush or that being our goal." —adaleemorgane