patrick.net
An Antidote to Corporate Media
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If you like Patrick's book/ideas, say so on Amazon
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2012 Nov 14, 4:01pm 2,588 views 10 comments
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PockyClipsNow
2012 Nov 15, 10:06am
I think he has it backwards and its way wrong. I have a huge bank account that backs this up. The money printing will destroy u if u rent long term - its a fact.
If u buy and fail u end up renting. Zero risk to life style by owning.
Some of you act like buying a home is dangerous - its not. Try motorcycling or mountain climbing sometime and maybe paperwork wont scare you so much.
bmwman91
2012 Nov 15, 10:31am
Zero risk to life style by owning.
Disagree. Renting a cheap apartment leaves all sorts of money for doing damn near anything and everything that I want. The kind of house that I would actually want to buy and live in would consume all disposable income. Buying a house has all sorts of intangible benefits, but you need to weigh those carefully with the intangible detriments that so many people like to gloss over. It isn't a panacea for happiness or financial security, nor is renting.
Patrick
2012 Nov 15, 10:53am
I'm not opposed to buying if it's cheaper than renting over the time period you'll probably live there. Median ownership duration is 6 years. Half of all owners own for even shorter periods of time.
I have renters next door to me who own a rental property up in Yuba City. They save money here, and make money there. That is actually the way it's done.
PockyClipsNow
2012 Nov 15, 1:31pm
ok good points.
but owning a rental almost always starts with a buying to live in purchase.
As in you get your feet wet buying a sfh then you say 'hey this is easy money' and then you wake up one day and have a duck head.
PockyClipsNow
2012 Nov 15, 11:49pm
If u live in ca its your duty to help us buy up all the SFR inventory in flyover and rent it back to the local aboriginals. Preferably with all cash from a large Heloc you will default on. Remember ca passed a law stating first 150k of heloc cannot be collected. Use this free 150k to bid up prices in phoenix where locals will be dumfounded where is all this money coming from (its from ben) .
Money for nuthin and chicks fer free in cali.
leo707
2012 Nov 16, 1:30am
Yep, I wrote my review a while ago. It is a great way to support Pnet.
I was talking to my husband about how I really would like to see Patrick make a living on his ideas. He was saying that authors in the fitness industry that he works with do well when their "Fans" like and review their books on Amazon.
It occurred to me that if you believe in Patrick's ideas and like the book, it might be worth mentioning this as a supportive step that we could take.
I wrote my 5 star review tonight :-)