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February 6, 2009 at 10:21 PM #14997February 6, 2009 at 11:31 PM #342390
Ricechex
ParticipantYes, I heard that rhetoric for years from everyone….”throwing away money.” I did some termiting on a rental property that has dropped below the sales cost so apparently, I am throwing away money these days.
February 6, 2009 at 11:31 PM #342944Ricechex
ParticipantYes, I heard that rhetoric for years from everyone….”throwing away money.” I did some termiting on a rental property that has dropped below the sales cost so apparently, I am throwing away money these days.
February 6, 2009 at 11:31 PM #342846Ricechex
ParticipantYes, I heard that rhetoric for years from everyone….”throwing away money.” I did some termiting on a rental property that has dropped below the sales cost so apparently, I am throwing away money these days.
February 6, 2009 at 11:31 PM #342819Ricechex
ParticipantYes, I heard that rhetoric for years from everyone….”throwing away money.” I did some termiting on a rental property that has dropped below the sales cost so apparently, I am throwing away money these days.
February 6, 2009 at 11:31 PM #342712Ricechex
ParticipantYes, I heard that rhetoric for years from everyone….”throwing away money.” I did some termiting on a rental property that has dropped below the sales cost so apparently, I am throwing away money these days.
February 7, 2009 at 8:51 AM #342917EconProf
ParticipantIt always was the most ignorant advertising slogan ever.
For one month’s rent, the tenant got to sleep under a roof, hot water, flush toilets, several rooms, a kitchen, maybe a garage, and someone to call when something went wrong with any of the above. Considering the alternative to paying that month’s rent, this is a bargain.
As current events unfold, it will be apparent that the tenants are the lucky/smart ones.February 7, 2009 at 8:51 AM #343016EconProf
ParticipantIt always was the most ignorant advertising slogan ever.
For one month’s rent, the tenant got to sleep under a roof, hot water, flush toilets, several rooms, a kitchen, maybe a garage, and someone to call when something went wrong with any of the above. Considering the alternative to paying that month’s rent, this is a bargain.
As current events unfold, it will be apparent that the tenants are the lucky/smart ones.February 7, 2009 at 8:51 AM #342891EconProf
ParticipantIt always was the most ignorant advertising slogan ever.
For one month’s rent, the tenant got to sleep under a roof, hot water, flush toilets, several rooms, a kitchen, maybe a garage, and someone to call when something went wrong with any of the above. Considering the alternative to paying that month’s rent, this is a bargain.
As current events unfold, it will be apparent that the tenants are the lucky/smart ones.February 7, 2009 at 8:51 AM #342781EconProf
ParticipantIt always was the most ignorant advertising slogan ever.
For one month’s rent, the tenant got to sleep under a roof, hot water, flush toilets, several rooms, a kitchen, maybe a garage, and someone to call when something went wrong with any of the above. Considering the alternative to paying that month’s rent, this is a bargain.
As current events unfold, it will be apparent that the tenants are the lucky/smart ones.February 7, 2009 at 8:51 AM #342460EconProf
ParticipantIt always was the most ignorant advertising slogan ever.
For one month’s rent, the tenant got to sleep under a roof, hot water, flush toilets, several rooms, a kitchen, maybe a garage, and someone to call when something went wrong with any of the above. Considering the alternative to paying that month’s rent, this is a bargain.
As current events unfold, it will be apparent that the tenants are the lucky/smart ones.February 7, 2009 at 9:07 AM #343031patientrenter
Participant[quote=EconProf]It always was the most ignorant advertising slogan ever.
For one month’s rent, the tenant got to sleep under a roof, hot water, flush toilets, several rooms, a kitchen, maybe a garage, and someone to call when something went wrong with any of the above. Considering the alternative to paying that month’s rent, this is a bargain.
As current events unfold, it will be apparent that the tenants are the lucky/smart ones.[/quote]I disagree, EconProf. For the many people who put very little of their own money into buying a house, and who got mortages with low initial payments, it was a wonderful deal. Some will have paid less than rent, others will have paid more but will still be ahead because they bought a few years ago at lower prices than today’s. Even those who paid more than rent, but who put down just a small downpayment, will have gotten a very low cost call option on house prices that didn’t pan out, but was definitely sold to them for less than its value at the time of purchase.
About the only home buyers who have any justification for complaining are those who bought recently and made very large downpayments. (Even there, the deal was no worse than for buyers of stock or any other asset, but I listen with more sympathy.)
February 7, 2009 at 9:07 AM #342797patientrenter
Participant[quote=EconProf]It always was the most ignorant advertising slogan ever.
For one month’s rent, the tenant got to sleep under a roof, hot water, flush toilets, several rooms, a kitchen, maybe a garage, and someone to call when something went wrong with any of the above. Considering the alternative to paying that month’s rent, this is a bargain.
As current events unfold, it will be apparent that the tenants are the lucky/smart ones.[/quote]I disagree, EconProf. For the many people who put very little of their own money into buying a house, and who got mortages with low initial payments, it was a wonderful deal. Some will have paid less than rent, others will have paid more but will still be ahead because they bought a few years ago at lower prices than today’s. Even those who paid more than rent, but who put down just a small downpayment, will have gotten a very low cost call option on house prices that didn’t pan out, but was definitely sold to them for less than its value at the time of purchase.
About the only home buyers who have any justification for complaining are those who bought recently and made very large downpayments. (Even there, the deal was no worse than for buyers of stock or any other asset, but I listen with more sympathy.)
February 7, 2009 at 9:07 AM #342474patientrenter
Participant[quote=EconProf]It always was the most ignorant advertising slogan ever.
For one month’s rent, the tenant got to sleep under a roof, hot water, flush toilets, several rooms, a kitchen, maybe a garage, and someone to call when something went wrong with any of the above. Considering the alternative to paying that month’s rent, this is a bargain.
As current events unfold, it will be apparent that the tenants are the lucky/smart ones.[/quote]I disagree, EconProf. For the many people who put very little of their own money into buying a house, and who got mortages with low initial payments, it was a wonderful deal. Some will have paid less than rent, others will have paid more but will still be ahead because they bought a few years ago at lower prices than today’s. Even those who paid more than rent, but who put down just a small downpayment, will have gotten a very low cost call option on house prices that didn’t pan out, but was definitely sold to them for less than its value at the time of purchase.
About the only home buyers who have any justification for complaining are those who bought recently and made very large downpayments. (Even there, the deal was no worse than for buyers of stock or any other asset, but I listen with more sympathy.)
February 7, 2009 at 9:07 AM #342932patientrenter
Participant[quote=EconProf]It always was the most ignorant advertising slogan ever.
For one month’s rent, the tenant got to sleep under a roof, hot water, flush toilets, several rooms, a kitchen, maybe a garage, and someone to call when something went wrong with any of the above. Considering the alternative to paying that month’s rent, this is a bargain.
As current events unfold, it will be apparent that the tenants are the lucky/smart ones.[/quote]I disagree, EconProf. For the many people who put very little of their own money into buying a house, and who got mortages with low initial payments, it was a wonderful deal. Some will have paid less than rent, others will have paid more but will still be ahead because they bought a few years ago at lower prices than today’s. Even those who paid more than rent, but who put down just a small downpayment, will have gotten a very low cost call option on house prices that didn’t pan out, but was definitely sold to them for less than its value at the time of purchase.
About the only home buyers who have any justification for complaining are those who bought recently and made very large downpayments. (Even there, the deal was no worse than for buyers of stock or any other asset, but I listen with more sympathy.)
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