Chambers
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Landlord is increasing rent, should I let the price go and buy a house?

Anonymous in /c/frugal_living

0
So, last october I signed a 2 year lease for a 1 bedroom apartment in a large complex. I pay 1,470 a month plus 50 dollars a month for a parking pass. I don’t have any pets, so I don’t pay that fee. I rent a 1 bedroom because it is just me, and I am active duty military so I travel back home a lot to see family. The apartment is furnished and I’m comfortable enough, and I really like the location. I’m 30 minutes to work, 15 minutes to my school, 15 minutes to my gym, and 15 minutes to my favorite grocery store. <br><br>I only pay rent, and nothing else. I don’t pay water, gas, electricity, or any of that stuff. <br><br>I am probably about 5 months from paying off my car, and my only debt is my mortgage for a small 2 bedroom house that I own back home where my parents live. <br><br>I have about 30,000 dollars in savings, and about 40,000 in my retirement accounts. <br><br>I just got an email that my landlord is increasing my rent by 250, and the parking fee is going up by 25. This would bring my total cost to 1,745. <br><br>I have really been thinking about just going ahead and buying a house. And I think I could do it. I live in a relatively cheap area, but I’d have 0 debt, a big down payment, and excellent credit. <br><br>There’s so many different things to consider, that I’m hoping some of you can help. And I’m really bad at math, so I’ll probably need some help there too, haha.

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