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Fantastic High

March 17th, 2010 admin No comments

Fantastic High
Fantastic High
I am living in a fantastic place, but the rent is really high. I have been offered a place, what should I do?

The place I am renting is better than I have ever had. I have just got it the way I want it. The problem is the rent just went up and I got offered a place I had put my name on a list two years ago. The new place goes based on my fixed income. The new place would be 1/4 the amount I am paying now. With my fixed income and the place I have now, I can barely pay utilities. But it is a wonderful place. If I move I will have to give up one bedroom, two decks, a woodburning stove and a garden. I also cannot take my kitties as they will not allow them even with a note from my doc. Help!

Sounds like your place is great; however, any place you rent is money being thrown into someone else's pocket. If I were you, I would go into the "new" place at 1/4 the rent, and take at least another quarter of what you were paying(preferably 1/2), open a money market acct and stick that extra into it. It may take awhile, but if you are self-disciplined, you can buy a home where you can have all those things you enjoy now. You sound creative and I bet you can take the new place and incorporate a balcony garden, use a room divider for a spare bedroom. I have no advice about the kitties (I have 9) except to know that when you do get your own place, no one is going to impose their rules on you!

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