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Some took the money offer and left. Some went to court and lost and evetually had to leave. Some people just arent motivated by cash. living in the same area for such a length of time one grows accustomed to where they live etc. Why should one have to move for the sake of a land lord"s greed?
I hear you and thanks for answering my question. I know after living in a particular place/spot for so many years I can understand how and why a person or family would become accustomed to their residence. That's why alot of "renters" get a false sense of ownership after they have lived somewhere for x amount of years. The renters then starts to believe that they actually own their apartment when they truly don't. I'm not saying this to be mean or vicious to you, or any of the family members that had to move but when you don't actually own something you have to know in the heart/mind that's it's truly not yours to begin with. Anything that I love, care for or that means that much to me as far as tangible items are concerned I actually own. Renters to me are like people that just stick their feet in the pool and nothing more while an owner is the person that able to dive into the pool and enjoy the water fully.
As far as rent vs own. Your thoughts may hold truth pre recession, but in todays economy who"s really trying to sign on the dotted line of a 30 year mortgage while not knowing if they have a job tomorrow?
Very true, but if a person if still renting after 5 years lets say at the same location that's how you know it's time to make a better decision.