The new renters don't have to

  • Article by: KIM PALMER , Star Tribune
  • Updated: November 16, 2010 - 4:18 PM

Owning your own home has long been the American dream. For some, that dream is losing its luster - and renting is losing its stigma.

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amandaingleNov. 17, 10 3:20 PM

What's the rush to buy? The house market is cheap right now but then you are 'stuck.' By the way, Meghan, love the socks. ;)

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StarquestNov. 17, 1011:12 PM

Home ownership sucks. Witness the awesome spectacle of last Saturday. A foot of snow to deal with, and it broke a bunch of trees in my yard. I'm so glad I bought this place. Heating bills of $100+ so that I can be cold in 65 degrees. Blech.

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sheepyNov. 17, 1011:23 PM

Apartments can flood, too. Everyone needs insurance. And I can't call a repair person when something breaks here, I have to depend on one maitenance team, which can be both a blessing and a nightmare, depending on who is on duty. But I agree, owning a home is way overrated!

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gross77Nov. 18, 10 9:48 AM

Renting is great for young people but once you start a family and get a couple pets, apartments can become cramped. I lived in apartments for many years and I'll never go back.

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bkind37Nov. 18, 1012:09 PM

than renting an apartment is the way to go. I love working the yard, so owning a house is the best option for me.

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Tobias1Nov. 19, 1011:00 PM

Some reasonable points made for renting: flexibility through mobility, prices still out of whack relative to incomes, and financial cushions more important. The observations, however, that homeownership comes with extra duties of care and repair is actually a point for owning: the extra responsibilities of owning were one reason that owning has been traditionally cheaper in the long run.

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jaws99Nov. 22, 10 1:10 PM

This is a pretty mild mannered article for the most part, but there are some good points made in it. But, Considering the status of the economy, the looting of the treasury, which is a 13 trillion $ hit on tax payers, the disproportient price of houses in relation to wages, 10 million jobs gone mostly due to outsourcing, and the insistance of the Fed under Bernanke to keep asset prices artificiaonally high so banks can continue to gamble on derivatives, which does nothing for main street because its a bet for failure and doesn't build anything, especially jobs, and the declining price of houses and realestate in general, why would anybody buy a house, unless they've got money burning a hole in their pockets?

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MellersNov. 27, 1010:16 PM

I'm a new condo owner and love the best of both worlds: having little maintenance, and building equity. I've been a renter for the previous 11 years of my life, so I'm used to multi-unit dwellings and all of the joys (and pains) that come with it. I'm loving my current urban lifestyle! Not sure if it's for me forever, but it suits my current desires very well right now.

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mjp0074Dec. 27, 10 5:35 PM

The American dream has become the American nightmare or Welcome to Owning a Home in Minneapolis.

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fuzzy48Dec. 29, 10 2:34 PM

With my job loss / change, I don't know that I could afford to pay rent. My house, however, is paid for, and I have a place to live!

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