Los Angeles, CA
Followed by 0
Ignored by 3
In United States
Registered Jun 22, 2009
SubOink's most recent comments:
- On 16 Oct 2013
"Renting is just throwing money away.",
patrick shoulda bought in 1999
and then again 10 years later in 2009 (instead he wrote book saying buying is dumb)
based on this pattern his next chance to buy well in bayarea might be 2019 (only six more years of renting , not bad!)
lol...and the house would be paid off by now -
- On 3 Oct 2013
Barclays creates "down 30%" house price scenario,
But perhaps the biggest "secret" is that putting your money in the stock market has almost always been a better deal than putting your money into a house.
but you do have to live somewhere...
- On 23 Sep 2013
For the record, Iwog's prediction for 2014 will be dead wrong,
Explain how they are f-ed now in 2013...when the house is 800k and their mortgage is WAY below any amount that you could rent a doghouse for...HOW are they f-ed??
They're not f-ed.
Anyone that buys from them at 800K - expecting a repeat - is F-ed.
It depends...if you have no choice but rent or buy you will simply look at payment to payment comparison.
In my neighborhood, rents have skyrocket. Buying is cheaper even after this runup. Except...there is nothing but one house for sale at this moment.
If house vs rent = a wash ...then...buying makes more sense IF you love the house/neighborhood and have a pretty good feeling you will stay in that neighborhood for at least 10 years. If you know that there is a big chance that your job may move to NY, you're on the brink of a divorce, may be without a job soon, want to move around then buying makes no sense. In that case buying makes no sense no matter where prices are. Some people enjoy the oakwood furnished apartment lifestyle. Full independence. Do what you want, no liability. BUT...simply speaking from a "whats a smarter financial move" its certainly not the winner. But who cares...life costs money. You can decide how you spend it. I have friends that live by that...invest in stocks and waste in rent because if the freedom of liability. But neither of them think renting is smarter than buying. It's a lifestyle choice in their case.
See other users near SubOink
Tips and Tricks
Questions or suggestions? Mail email@example.com
Page took 271 milliseconds to create.