What do you have to show for it, exactly? Any money you manage to make if you eventually sell will go right back into yet another house purchase. So basically you have walls and a roof, which is the same thing I have to show for my rent money.
Home equity is really just industry code for "the potential to have shitloads more debt."
Im glad we aren't throwing away money at rent. At least we have something to show for it.
What do you have to show for it, exactly? Any money you manage to make if you eventually sell will go right back into yet another house purchase. So basically you have walls and a roof, which is the same thing I have to show for my rent money.
in a flat housing market, renting is a no brainer.
yay, duke joined the 21st century and got rid of the crt tv :golfclap:
Based on the hair and the boobs, I'm guessing she's english?
How about this thought: Say you are renting, but the landlord is behind in mortgage payments and the place you rent gets foreclosed on. Wouldn't that suck ass, getting kicked out, having to find a new place to live, maybe even losing your deposit if the landlord has no money? I hear it is becoming more common in this economy. So if you own a home, condo, etc, you hold the mortgage and know it is paid up-to-date or not.
How about this thought: Say you are renting, but the landlord is behind in mortgage payments and the place you rent gets foreclosed on. Wouldn't that suck ass, getting kicked out, having to find a new place to live, maybe even losing your deposit if the landlord has no money? I hear it is becoming more common in this economy. So if you own a home, condo, etc, you hold the mortgage and know it is paid up-to-date or not.