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Apartments
7:38 AM on Jul. 15, 2008
Filed under: Property Management

I have been thinking lately, trying not to hurt myself, about the current situation with the housing market.  It seems as though your house doesn’t appreciate in value they way it used to.  Its always been the idea that you get a house and you make money building equity.  Well I have another thought, instead of paying $1000 a month home a mortgage, why not rent and apartment for $500 a month, and invest the other %500 in a high yield savings account.  It seems safer to invest money in a bank than a house.  You won’t get to live in a house, but your heating and cooling costs should be much less.  Renting seems a little but safer, and you would have money each month if there was ever a financial problem.  You could put your things into a cheap self storage unit and save/make money every month!  Any thoughts?

 

self-storage complaint  : http://www.selfstoragecomplaint.org




Comments (6)
Ann - 7:17 PM on Dec. 1, 2008  [ message ]

Self storage facilities can be an asset for people in both good times and bad.

Ann - 7:17 PM on Dec. 1, 2008  [ message ]

Real Estate is where you should be moving your money...  There is a finite amount of it available!

SoccerStar - 10:33 AM on Nov. 20, 2008  [ message ]

Temporary storage can help you de-clutter your home.

SoccerStar - 10:32 AM on Nov. 20, 2008  [ message ]

Julie, you should consider becoming a professional stager and help people when they are moving and have to sell their house!

JulieBaka - 4:34 AM on Oct. 8, 2008  [ message ]

The housing and credit market is still going down.  So if you want to sell that house it is really important to have it staged.  So get your storage space today so that you can sell your house tomorrow.

JohnMorse - 11:08 AM on Jul. 26, 2008  [ message ]
That sounds like a great idea, though I'd probably opt to split my savings between a good ole' Roth IRA and maybe a mutual fund.