5 Reasons Renting Still Beats Buying

[peterb]

Well, at least you can live in a house. Stocks make lousy homes. Also, if you could actually pay-off the house….what’s the value of not paying rent or mortgage to live somewhere as your income reduces in later life?
But taxes and “fees” are rising as is unemployment and foreclosures. The game is still in very early innings yet. Gaurd your cash and watch the show. I have a feeling the last half of 2009 is going to have some great fireworks.

[UCGal]

[quote=nostradamus]13. Property taxes are going up.

link[/quote]

As I commented in another thread that you posted this… Why is this news? The way Prop 13 works, taxes go up around 2% every year. Even when property values go up 20%, even when property values decline 20%. Because prop 13 sets the assessed value at your purchase price, and increments it based on that… NOT on current market.

[UCGal]

[quote=nostradamus]13. Property taxes are going up.

link[/quote]

As I commented in another thread that you posted this… Why is this news? The way Prop 13 works, taxes go up around 2% every year. Even when property values go up 20%, even when property values decline 20%. Because prop 13 sets the assessed value at your purchase price, and increments it based on that… NOT on current market.

[UCGal]

[quote=nostradamus]13. Property taxes are going up.

link[/quote]

As I commented in another thread that you posted this… Why is this news? The way Prop 13 works, taxes go up around 2% every year. Even when property values go up 20%, even when property values decline 20%. Because prop 13 sets the assessed value at your purchase price, and increments it based on that… NOT on current market.

[UCGal]

[quote=nostradamus]13. Property taxes are going up.

link[/quote]

As I commented in another thread that you posted this… Why is this news? The way Prop 13 works, taxes go up around 2% every year. Even when property values go up 20%, even when property values decline 20%. Because prop 13 sets the assessed value at your purchase price, and increments it based on that… NOT on current market.

[UCGal]

[quote=nostradamus]13. Property taxes are going up.

link[/quote]

As I commented in another thread that you posted this… Why is this news? The way Prop 13 works, taxes go up around 2% every year. Even when property values go up 20%, even when property values decline 20%. Because prop 13 sets the assessed value at your purchase price, and increments it based on that… NOT on current market.

[nostradamus]

[quote=UCGal]As I commented in another thread that you posted this… Why is this news? The way Prop 13 works, taxes go up around 2% every year. Even when property values go up 20%, even when property values decline 20%. Because prop 13 sets the assessed value at your purchase price, and increments it based on that… NOT on current market.[/quote]
It’s news ‘cuz it’s in the news. I added it here because the thread is about the advantages of renting over buying. As you pointed out, taxes always go up… So there’s argument #13 to rent.

[nostradamus]

[quote=UCGal]As I commented in another thread that you posted this… Why is this news? The way Prop 13 works, taxes go up around 2% every year. Even when property values go up 20%, even when property values decline 20%. Because prop 13 sets the assessed value at your purchase price, and increments it based on that… NOT on current market.[/quote]
It’s news ‘cuz it’s in the news. I added it here because the thread is about the advantages of renting over buying. As you pointed out, taxes always go up… So there’s argument #13 to rent.

[nostradamus]

[quote=UCGal]As I commented in another thread that you posted this… Why is this news? The way Prop 13 works, taxes go up around 2% every year. Even when property values go up 20%, even when property values decline 20%. Because prop 13 sets the assessed value at your purchase price, and increments it based on that… NOT on current market.[/quote]
It’s news ‘cuz it’s in the news. I added it here because the thread is about the advantages of renting over buying. As you pointed out, taxes always go up… So there’s argument #13 to rent.

[nostradamus]

[quote=UCGal]As I commented in another thread that you posted this… Why is this news? The way Prop 13 works, taxes go up around 2% every year. Even when property values go up 20%, even when property values decline 20%. Because prop 13 sets the assessed value at your purchase price, and increments it based on that… NOT on current market.[/quote]
It’s news ‘cuz it’s in the news. I added it here because the thread is about the advantages of renting over buying. As you pointed out, taxes always go up… So there’s argument #13 to rent.

[nostradamus]

[quote=UCGal]As I commented in another thread that you posted this… Why is this news? The way Prop 13 works, taxes go up around 2% every year. Even when property values go up 20%, even when property values decline 20%. Because prop 13 sets the assessed value at your purchase price, and increments it based on that… NOT on current market.[/quote]
It’s news ‘cuz it’s in the news. I added it here because the thread is about the advantages of renting over buying. As you pointed out, taxes always go up… So there’s argument #13 to rent.

[Author]

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