Houses are pretty much horrible investments. Maybe... MAYBE! if you buy a house outright. But if you buy a house to live in for 30 years, you'll end up spending more money then you'll ever get back when you sell it.
That said, the #1 reason is bogus. If you're renting, you're still making a monthly payment. It would cost me my normal monthly mortgage payment to rent the same house I have right now. It's not like renting gives me an extra 1000$ a month to invest in the stock market. The good thing about owning is that after 30 years, I'll probably get at least the original cost of my home back if I sell it. If I rent for 30 years, I won't.
#2 - House prices falling further is great for future buyers, but your rent probably won't be dropping anytime soon. In fact, my in-laws are considering buying the house that they are currently renting. Doing so will decrease their monthly payment by 100$.
#3 - I don't know what this means.
#4 - What is big? Can rental properties fall in this category - thus passing the cost onto the renter?
#5 - This is pretty much best reason to rent. You are usually no more than a year away from being able to move to a new neighborhood, city, county, state.
It's all a matter of perspective and wants. In some cases it is better to rent, in others, it is better to buy.
A tool for handling molten metal... should have a cup that holds the metal, then that clamps around the cup and you can pour it into a mold (or something).
This is probably going to sound retarded... but I don't think insane people pull out their eyes and eat them so they can get medical care.
It seems like he was trying to act insane in order to get what he wanted. If he was truly insane, he'd pull out his eye and eat it without any justifications.
That said, the #1 reason is bogus. If you're renting, you're still making a monthly payment. It would cost me my normal monthly mortgage payment to rent the same house I have right now. It's not like renting gives me an extra 1000$ a month to invest in the stock market. The good thing about owning is that after 30 years, I'll probably get at least the original cost of my home back if I sell it. If I rent for 30 years, I won't.
#2 - House prices falling further is great for future buyers, but your rent probably won't be dropping anytime soon. In fact, my in-laws are considering buying the house that they are currently renting. Doing so will decrease their monthly payment by 100$.
#3 - I don't know what this means.
#4 - What is big? Can rental properties fall in this category - thus passing the cost onto the renter?
#5 - This is pretty much best reason to rent. You are usually no more than a year away from being able to move to a new neighborhood, city, county, state.
It's all a matter of perspective and wants. In some cases it is better to rent, in others, it is better to buy.
Lew
Real -> 28 (29 in May)
:)
Lew
Lew
It seems like he was trying to act insane in order to get what he wanted. If he was truly insane, he'd pull out his eye and eat it without any justifications.
But what do I know.
Lew
Is it wine bottle opener?
Lew