The Real Estate Wonk: Happily renting - Baltimore homes, apartments, real estate: Buying, selling, renting and housing news from reporter Jamie Smith Hopkins

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September 13, 2009

Happily renting

Some people can't wait to own their own home, but others are perfectly satisfied being tenants. Lorraine Mirabella has a story today about those folks, noting that in this "time of declining house values, rising foreclosures and uncertainty about jobs, many who may have jumped into the housing market in a better economy are content to rent instead."

She shares the story of Jordan Hamilton, 27, who moved to Maryland from Tennessee in October:

Initially he thought, "I don't want to continue to throw money away on rent," he said. "But then I had to weigh my options, and thought maybe I'm not throwing money away on rent. There were more pros to continue to rent for right now. I may not eventually be building any equity, and I'm worried about how much money I would lose if I need to sell it for a job move."

Any happy renters out there? Or are you in the aggravated-renter category?

Posted by Jamie Smith Hopkins at 7:48 PM | Permalink | Comments (1)
Categories: Housing market experiences, Renting

Comments

Like the lady in the article I've been renting while simultaneously owning property that I rented out. For a good long while that worked out just fine and all was copacetic.

But for several personal and professional reasons, most of which I'm OK with, that "norm" has been disrupted. Since last winter I have desired to re-establish roots somewhere, including blueberries and asparagus, and I'm growing more unhappy as the months pass without that happening.

Posted by: MrRational | September 13, 2009 10:31 PM

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About Jamie Smith Hopkins

Jamie Smith Hopkins, a Baltimore Sun reporter since 1999, writes about the regional economy. Her reporting on the housing market has won national and local awards. Hopkins is a Columbia native and has lived in Maryland all her life, save for 10 months spent covering schools in Ames, Iowa.
She trained to become a wonk by spending large chunks of time as a geek and an insufferable know-it-all.
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