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  • March 10, 2009 at 11:41 AM #15268
    SDWranglers
    Participant

    Jack Hough of Smart Money weighs the pros and cons of renting versus buying a house, and concludes that renting is better. He gives 5 reasons:

    1. Houses produce lousy returns, while stocks produce good ones

    2. House prices have further to fall

    3.Many houses for sale today seem designed to waste money

    4. Big houses are targets for future taxes

    5. Neighborhoods are changing in unpredictable ways

    What do you think?

    http://realestate.yahoo.com/promo/5-reasons-renting-still-beats-buying.html

    March 10, 2009 at 12:55 PM #363358
    SD Transplant
    Participant

    I think he’s missing the biggest positive about renting today, which is: FLEXIBILITY / MOBILITY which ought to have a huge premium in today’s economic market. One could move & get a job anywhere in this country w/out trying to sell an underwater shack.

    March 10, 2009 at 12:55 PM #363648
    SD Transplant
    Participant

    I think he’s missing the biggest positive about renting today, which is: FLEXIBILITY / MOBILITY which ought to have a huge premium in today’s economic market. One could move & get a job anywhere in this country w/out trying to sell an underwater shack.

    March 10, 2009 at 12:55 PM #363804
    SD Transplant
    Participant

    I think he’s missing the biggest positive about renting today, which is: FLEXIBILITY / MOBILITY which ought to have a huge premium in today’s economic market. One could move & get a job anywhere in this country w/out trying to sell an underwater shack.

    March 10, 2009 at 12:55 PM #363840
    SD Transplant
    Participant

    I think he’s missing the biggest positive about renting today, which is: FLEXIBILITY / MOBILITY which ought to have a huge premium in today’s economic market. One could move & get a job anywhere in this country w/out trying to sell an underwater shack.

    March 10, 2009 at 12:55 PM #363952
    SD Transplant
    Participant

    I think he’s missing the biggest positive about renting today, which is: FLEXIBILITY / MOBILITY which ought to have a huge premium in today’s economic market. One could move & get a job anywhere in this country w/out trying to sell an underwater shack.

    March 10, 2009 at 1:13 PM #363384
    NotCranky
    Participant

    Poor coverage of the topic.Much abuse of assumptions and ignoring of cumulative benefits possible with having purchased wisely. Had he bought the place he is renting 10 years ago he might be singing a different tune.

    March 10, 2009 at 1:13 PM #363673
    NotCranky
    Participant

    Poor coverage of the topic.Much abuse of assumptions and ignoring of cumulative benefits possible with having purchased wisely. Had he bought the place he is renting 10 years ago he might be singing a different tune.

    March 10, 2009 at 1:13 PM #363829
    NotCranky
    Participant

    Poor coverage of the topic.Much abuse of assumptions and ignoring of cumulative benefits possible with having purchased wisely. Had he bought the place he is renting 10 years ago he might be singing a different tune.

    March 10, 2009 at 1:13 PM #363865
    NotCranky
    Participant

    Poor coverage of the topic.Much abuse of assumptions and ignoring of cumulative benefits possible with having purchased wisely. Had he bought the place he is renting 10 years ago he might be singing a different tune.

    March 10, 2009 at 1:13 PM #363977
    NotCranky
    Participant

    Poor coverage of the topic.Much abuse of assumptions and ignoring of cumulative benefits possible with having purchased wisely. Had he bought the place he is renting 10 years ago he might be singing a different tune.

    March 10, 2009 at 1:24 PM #363399
    peterb
    Participant

    I wondered when this would start to come off the MSM. Timing is everything. One thing many of these “analysts” dont calculate into their analysis is that the govt allows $250K cap gains profit with no tax after 2 years of occupation. That’s a 25% boost in CA right there. And what other investment allows this??? Of course, it needs to be increasing in value…..

    March 10, 2009 at 1:24 PM #363688
    peterb
    Participant

    I wondered when this would start to come off the MSM. Timing is everything. One thing many of these “analysts” dont calculate into their analysis is that the govt allows $250K cap gains profit with no tax after 2 years of occupation. That’s a 25% boost in CA right there. And what other investment allows this??? Of course, it needs to be increasing in value…..

    March 10, 2009 at 1:24 PM #363844
    peterb
    Participant

    I wondered when this would start to come off the MSM. Timing is everything. One thing many of these “analysts” dont calculate into their analysis is that the govt allows $250K cap gains profit with no tax after 2 years of occupation. That’s a 25% boost in CA right there. And what other investment allows this??? Of course, it needs to be increasing in value…..

    March 10, 2009 at 1:24 PM #363880
    peterb
    Participant

    I wondered when this would start to come off the MSM. Timing is everything. One thing many of these “analysts” dont calculate into their analysis is that the govt allows $250K cap gains profit with no tax after 2 years of occupation. That’s a 25% boost in CA right there. And what other investment allows this??? Of course, it needs to be increasing in value…..

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