Own or Rent?
- Thread starter Rockslinger
- Start date
Congrats. Not that there is anything wrong with it but do you have a lot of lesbos and "porch people" for neighbours? Hee, hee, hee.
Owning vs Renting each has its own "pros and cons". I rent and love it. No property taxes or utilities to pay. No need to renovate anything. Anything that breaks, I call my landlord. Many of my friends are house rich but cash poor. They live pay check to pay check just to pay the mortgage. I know that many may believe that renting is a waste of money, since I don't have any equity, but I have been able to save money while renting, which I know I wouldn't be able to if I had a house and mortgage. Just my two cents.
This is an urban myth.
You really pay all of those things because they ARE INCLUDED IN YOUR RENT only you don't realize it.
Have heard many renters complain about rent increases, only to have the landlord say he is just passing along recent property tax or utility rate increases or some property renovations he did.
Nothing mentioned on whether there are mortages and HELOC outstanding, or the value of net home equity.
Doesn't matter. You don't really own a house until you pay off the mortgage and no HELOC.
Picky, picky, picky.
Most know the difference between renting and owning a home.
Renters will never own the home they live in while those with a mortgage will, once they pay off the mortgage...
Not so sure in the land of the free, the birth place for ninja loans and all those predatory mortgage servicing.
LOL, everybody around the world knows this financial contagion is instigated by the Americans left and right. We never have this kind of toxic ideas of securitizing different qualities of debts in one package and sell them like best Bordeaux or Rhone wines to everybody else.
Nope, the GOP Banksters created this stuff in response to the Democrats insistance to have every American entitled to a so-called American dream, a code word for 100% house ownership.
No different for the Democrats as architects designing McMansions with chicken feed budget, while the Republicans are contractors and builders promising everything by cutting corners, taking uncessary risk and charge a premium to hurry up the constructions.
Needless to say when this sub-par/crappy McMansion/super size trailers collapsed both the "architects" and "contractors/builders" pointing fingers to each other, blaming the other fully responsible for the debacle.
Doesn't change the fact the Americans from top to bottom are mostly responsible for putting everybody in this mess.
Hey the Republicans supply thing/stuff the Democrats demand, almost 100% home ownership as living American Dream.
I own my place in the country. Small bungalow with a few acres. Problem, GF says she can't live there, basically house too small. What do I do?Hey the Republicans supply thing/stuff the Democrats demand, almost 100% home ownership as living American Dream.
