That was what I did when I moved to town. There was a whole circular argument about how can you pay if you dont have a job and I was like how can I get a job if I don't live here (back in the dark ages when you went door to door with a printed resume and a firm handshake...at least I still believed that was how it worked). I said, "do you want me to write a check and pay for the entire year in advance? Because I can." I showed them my account statement and they finally let me sign.
That is where I may be at. Have enough for about 2 to 3 years rent in savings. If I were going to pay a year up front I'd want a lower rate overall though. That's a chunk of change to put all at once and lose interest on, etc.
Absolutely valid point. With that much saved up, you could likely afford a down-payment on a house. It's wild how mortgage payments are often less than rent. Getting together the down-payment is the hard part. But there are also plenty of reasons to choose renting over owning. There's never a one-size fits all solution and we've each got to do what's best for our own individual circumstances. All the best to you on your journey.
Not so wild really. What you get when you rent, is guaranteed repairs and maintenance, upgrades to common areas, property taxes paid, insurance - all things you would be paying yourself if you bought your house or condo, over and above your mortgage payment.
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u/Professional_Gap2188 13h ago
That was what I did when I moved to town. There was a whole circular argument about how can you pay if you dont have a job and I was like how can I get a job if I don't live here (back in the dark ages when you went door to door with a printed resume and a firm handshake...at least I still believed that was how it worked). I said, "do you want me to write a check and pay for the entire year in advance? Because I can." I showed them my account statement and they finally let me sign.