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88 sats \ 9 replies \ @freetx 16h \ parent \ on: Is It Better to Rent or Buy? (The Economist/SN Magazine) econ

Yep thats one of the ideas that are driving me and wife to consider renting once the nest is empty. There are upscale rental development near us that has Whole Foods and anchor with 6 or so restaurants along the strip. Park + gym + etc.

Goal would be to also downsize to a single vehicle (not really for cost reasons, just less mental hassle), so that type of lifestyle is a big plus....

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64 sats \ 7 replies \ @Aardvark 16h

That's exactly the type of place I live. There's restaurants, entertainment, etc. My wife works from home, but both of the cars are paid off. There may be an argument to downsize to just one eventually though.

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70 sats \ 5 replies \ @Undisciplined 16h

Do you have personal property taxes assessed on your cars?

That plus insurance make multiple cars insanely expensive.

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68 sats \ 3 replies \ @freetx 16h

Luckily not a thing in TX. I do think some states do have that....Virginia I think?

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70 sats \ 2 replies \ @Undisciplined 16h

Some states, I know VA and WA, but lots of localities have them.

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63 sats \ 1 reply \ @Aardvark 16h

That sounds miserable.

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63 sats \ 0 replies \ @Undisciplined 16h

Yeah, we've mostly lived in low tax places and that will be another high priority if we move again.

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66 sats \ 0 replies \ @Aardvark 16h

No, I don't think that's a thing here. I've never heard of property tax on a vehicle. We do have registration fees but I think that's like 100 annually.

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42 sats \ 0 replies \ @freetx 16h
There may be an argument to downsize to just one eventually though.

Yeah, there are lots of ways to play it actually. You could downsize to one "bigger nicer" car and one beater (ie. 20 year old honda civic) for running around.

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49 sats \ 0 replies \ @Undisciplined 16h

We've always done single vehicle.

My parents constant complaints about their apartment definitely has me reluctant to rent, but I also recognize that they did a very poor job selecting the place they live.

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