1. “Opportunity Cost” — look it up
2. Average appreciation for housing on average, since the mid 1800s has been ~2% (Yes I have heard the San Diego and SF are Diffrent but I think we have dispelled those rumors in the past few months — SD/SF NOT special or diffrent)
In the current environment it absolutely makes more sense to rent than to buy (everything else being equal) until hosing prices conform to normalized trend and the disparity between renting and buying is narrowed it will continue to make sense.
I dont get poeple who make this argument at all (in the current environment), did you or did you not have a roof over your head, walls to protect you from wind and rain, privacy so you could do whatever it is you wierd people do behind close doors. . . well?
I thought so, if you dont LIKE to rent because somehow you feel inferrior to all those other koolaid drinkers who look down on us renters because they rent from a bank instead of a landlord. GO BUY TODAY DEALS like never before!!!! BUY BUY BUY!!! before there are no more houses out there and you are left behind with the rest of societies lower class: RENTERS.
com up with a better argument next time this one has been debunked–or did you miss that episode of myth busters?
