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These Homeowners Decided to Rent Again

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After living in his father’s outdated brick mid-century home in Maplewood, NJ, Michael Guy has been enjoying the new construction since 2014. “Everything is very clean, neat and shiny,” said Guy, IT project manager at Rutgers University. In contrast, the house where his parents have lived since 1965 and where he has been caring for his aging father for the past eight years has not been touched for decades. “It was out of date. I wore it.” He said, “I’m tired of seeing it.”

So in January he looked at the Maplewood home market and decided if he wanted to sell the home without remodeling it. He should do so soon. If he had time to pay for Fixer Upper, early 2022 felt like that moment. Within three days, he made 19 bids and sold a three-bedroom, two-bathroom home for $ 710,000. He listed it for $ 525,000.

But Mr. Guy wasn’t ready to own it again.He spent most of his adult life worried about him Responsibility was initially for his sister who suffered from schizophrenia (he thought he would eventually become her caretaker, but she died in 2012), and later for her father. For the first time in his life, his path was unknown. “I’m free, I’m free as a bird now,” he said. “I definitely miss my family like crazy, but at the same time it’s kind of exhilarating. I’m starting the second stage of my life here.”

He first looked at Maplewood in search of a rental property that he could live in for several years, but the area was over budget due to rising rents. In May, 60-year-old Guy Citizen LindenNewly developed in Linden, NJ, pays $ 2,150 per bedroom per month. “It looks like a weird hotel. I can’t believe it,” he said. The car is parked in the garage of the building, so I’m looking forward to the next winter when I don’t have to shovel from the car.

He may one day want to buy a townhouse, he said, despite his preference for streaming services, suffering from building rules such as guest parking restrictions and cable TV subscription requirements. There is. “It’s not the transition from living in a free environment to a corporate-owned environment,” he said. But for now, he enjoys the lack of commitment. “For me living here, this is a new start,” he said.

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