Why Rent when you can Own - It is CHEAPER to Own your Home
In America, at today's super low home prices and even super lower interest rates, it is much cheaper to BUY a house than to pay rent. WAKE UP PEOPLE this is a rare opportunity to own your own home imo.
Because people like Nutsinil are too busy trying to pay off thier Margin accounts from all the losses they take from shorting homebuilders during the middle of a recovery to finance. So they are forced to rent.
No maintenance. Pick up and leave when you want at end of lease. No down payment. No chance on losing money on the deal if you want to leave. property taxes. I've seen a lot of people who bought during the boom who are now in a rut the size of the grand canyon. Can't sell. Burned thru savings as house is upside down. High interest payments. Retirement on hold indefinitely as they try and pump up their savings again. As someone who owned and rented, there are pluses and minus' to both. I have an accountant who will tell you he would rent everything including his underwear if it was possible. I have friends who are slaves to their mortgage payments and the care of their home and don't do anything else. No travel. No weekend trips. Nothing. Stuck in a rut.