Is there hope for rentcels?

https://www.msn.com/en-us/money/real...r/ar-BB1igMws#

-Self-made millennial millionaire: "I decided to rent after being a homeowner for 10 years, and I’m much happier now"



So in 2013, at 28, my husband and I bought our first home: a two-bedroom, 1,496-square-foot house in Charlotte, North Carolina for $101,000. We had a 10-year-mortgage.

"Having a real estate portfolio became a huge part of my financial identity. I thought it meant I was finally an adult. Over the course of a decade, we bought and sold three properties: our first home, a four-bedroom house, and a two-bedroom condo. I also paid off $300,000 of debt and made my first million."

By 2019, I was a proud homeowner with a paid-off mortgage. During the pandemic, however, my goals changed, and I wanted more flexibility. So in 2022, we sold our property and started renting again.

Today,we rent a 1200-square-foot, two-bedroom apartment in Charlotte for $2,553 a month.

We used to spend $3,400 on our monthly housing expenses when we lived in our four-bedroom, including $750 every month for maintenance and DIY projects. We also kept $20,000 in an emergency fund for unexpected issues, like when our washing machine flooded our laundry room.

Now we outsource maintenance headaches to our property manager. Our emergency fund covers closer to five months instead of three, and we sleep better at night.

Since downsizing, I've cut the time I spend on chores in half. And we love living with less clutter after discarding and donating many pieces of clothing and furniture.

Dumbass doesn't realize that she'll be paying that or more forever, vs paying off your house in 10.

Should've kept those as rentals

I personally own 2 investment properties but am a month-to-month flexible rentcel

lol Does she not realize you can downsize and also own? You don't have to live in a 4 bedroom house.

does not sound like a millionaire move

mortgagecels on suicide watch

i can just sell it for 2 times the price! i can just rent it out to cover the costs!

meanwhile so many fail at trying that