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This page contains all of the posts and discussion on MemeStreams referencing the following web page: Is It Better to Buy or Rent?. You can find discussions on MemeStreams as you surf the web, even if you aren't a MemeStreams member, using the Threads Bookmarklet.
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Is It Better to Buy or Rent?
by noteworthy at 10:21 pm EDT, Apr 11, 2007 |
This is a handy tool, and it's one you aren't likely to find on a lender's web site. From the accompanying article: By the Realtors’ way of thinking, it’s always a good time to buy. Homeownership, they argue, is a way to achieve the American dream, save on taxes and earn a solid investment return all at the same time. That’s how it has worked out for much of the last 15 years. But in a stark reversal, it’s now clear that people who chose renting over buying in the last two years made the right move. In much of the country, including large parts of the Northeast, California, Florida and the Southwest, recent home buyers have faced higher monthly costs than renters and have lost money on their investment in the meantime. It’s almost as if they have thrown money away, an insult once reserved for renters. Most striking, perhaps, is the fact that prices may not yet have fallen far enough for buying to look better than renting today, except for people who plan to stay in a home for many years.
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Is It Better to Buy or Rent?
by BridgetAG at 6:57 pm EDT, Apr 12, 2007 |
This is a handy tool, and it's one you aren't likely to find on a lender's web site. From the accompanying article: By the Realtors’ way of thinking, it’s always a good time to buy. Homeownership, they argue, is a way to achieve the American dream, save on taxes and earn a solid investment return all at the same time. That’s how it has worked out for much of the last 15 years. But in a stark reversal, it’s now clear that people who chose renting over buying in the last two years made the right move. In much of the country, including large parts of the Northeast, California, Florida and the Southwest, recent home buyers have faced higher monthly costs than renters and have lost money on their investment in the meantime. It’s almost as if they have thrown money away, an insult once reserved for renters. Most striking, perhaps, is the fact that prices may not yet have fallen far enough for buying to look better than renting today, except for people who plan to stay in a home for many years.
Got ot check this out, maybe will feel better about renting. No way I can own here in California. |
There is a redundant post from Decius not displayed in this view.
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