buying SHOULD BE cheaper than renting

[Coronita]

[quote=jpinpb]First of all, cars don’t ALWAYS depreciate. Watch Mecum for a while. Try buying a ’68 Camaro.

Enzo has not depreciated in value either.

TG – I scrolled to the bottom of the page before starting this post and saw
“#11. Wives” and thought it has to be TG, scroll back up, sure enough. Funny. You have to talk to Spitzer about that. [/quote]

Spitzer tried to be an owner and renter at the same time, when he couldn’t afford to do both on a government salary. In other words, he made the same mistake many Americans do time and time again….He overleveraged

[briansd1]

[quote=flu]
Spitzer tried to be an owner and renter at the same time on two distinct things. In other words, he made the same mistake many Americans do time and time again….He overleveraged
[/quote]

Not at all. Spitzer was smart. It’s the morality squad that got him. Economically, he made the right decision.

[briansd1]

[quote=flu]
Spitzer tried to be an owner and renter at the same time on two distinct things. In other words, he made the same mistake many Americans do time and time again….He overleveraged
[/quote]

Not at all. Spitzer was smart. It’s the morality squad that got him. Economically, he made the right decision.

[briansd1]

[quote=flu]
Spitzer tried to be an owner and renter at the same time on two distinct things. In other words, he made the same mistake many Americans do time and time again….He overleveraged
[/quote]

Not at all. Spitzer was smart. It’s the morality squad that got him. Economically, he made the right decision.

[briansd1]

[quote=flu]
Spitzer tried to be an owner and renter at the same time on two distinct things. In other words, he made the same mistake many Americans do time and time again….He overleveraged
[/quote]

Not at all. Spitzer was smart. It’s the morality squad that got him. Economically, he made the right decision.

[briansd1]

[quote=flu]
Spitzer tried to be an owner and renter at the same time on two distinct things. In other words, he made the same mistake many Americans do time and time again….He overleveraged
[/quote]

Not at all. Spitzer was smart. It’s the morality squad that got him. Economically, he made the right decision.

[Coronita]

[quote=briansd1][quote=flu]
Spitzer tried to be an owner and renter at the same time on two distinct things. In other words, he made the same mistake many Americans do time and time again….He overleveraged
[/quote]

Not at all. Spitzer was smart. It’s the morality squad that got him. Economically, he made the right decision.

[/quote]

I disagree…Because obviously he felt a need to rent after he bought. Unfortunately, he probably overpaid on the first for something he really didn’t want and realized this after seeing another market “bubble”……But he was unable unable to “chase the market down” to sell the first.

[Coronita]

[quote=briansd1][quote=flu]
Spitzer tried to be an owner and renter at the same time on two distinct things. In other words, he made the same mistake many Americans do time and time again….He overleveraged
[/quote]

Not at all. Spitzer was smart. It’s the morality squad that got him. Economically, he made the right decision.

[/quote]

I disagree…Because obviously he felt a need to rent after he bought. Unfortunately, he probably overpaid on the first for something he really didn’t want and realized this after seeing another market “bubble”……But he was unable unable to “chase the market down” to sell the first.

[Coronita]

[quote=briansd1][quote=flu]
Spitzer tried to be an owner and renter at the same time on two distinct things. In other words, he made the same mistake many Americans do time and time again….He overleveraged
[/quote]

Not at all. Spitzer was smart. It’s the morality squad that got him. Economically, he made the right decision.

[/quote]

I disagree…Because obviously he felt a need to rent after he bought. Unfortunately, he probably overpaid on the first for something he really didn’t want and realized this after seeing another market “bubble”……But he was unable unable to “chase the market down” to sell the first.

[Coronita]

[quote=briansd1][quote=flu]
Spitzer tried to be an owner and renter at the same time on two distinct things. In other words, he made the same mistake many Americans do time and time again….He overleveraged
[/quote]

Not at all. Spitzer was smart. It’s the morality squad that got him. Economically, he made the right decision.

[/quote]

I disagree…Because obviously he felt a need to rent after he bought. Unfortunately, he probably overpaid on the first for something he really didn’t want and realized this after seeing another market “bubble”……But he was unable unable to “chase the market down” to sell the first.

[Coronita]

[quote=briansd1][quote=flu]
Spitzer tried to be an owner and renter at the same time on two distinct things. In other words, he made the same mistake many Americans do time and time again….He overleveraged
[/quote]

Not at all. Spitzer was smart. It’s the morality squad that got him. Economically, he made the right decision.

[/quote]

I disagree…Because obviously he felt a need to rent after he bought. Unfortunately, he probably overpaid on the first for something he really didn’t want and realized this after seeing another market “bubble”……But he was unable unable to “chase the market down” to sell the first.

[briansd1]

[quote=peterb]Perhaps if someone had data that goes back far enough, a couple of hundred years, it may indicate that purchasing was cheaper? It makes sense. It’s more risk to drop big capital on something than to rent it. Before govt interventions and homeownership policies influenced housing, I think most mortgages reguired 50% down, if you could get one. Imagine what the prices would be now, with that kind of loan? And you couldnt deduct mortgage interest payments. But there wasnt always income tax, either. Hey, go back far enough and only royalty was allowed to own real estate.[/quote]

You are correct peterb.

I studied some history of appraisal. Back before WWII, real estate was depreciated. The comparative sales approach to appraisal did not take hold until prices started consistently increasing.

Before FHA, residential real estate were balloon payment loans.
http://en.wikipedia.org/wiki/Federal_Housing_Administration

I think that in Germany it is cheaper to own. It’s perfectly acceptable to rent over there.

[briansd1]

[quote=peterb]Perhaps if someone had data that goes back far enough, a couple of hundred years, it may indicate that purchasing was cheaper? It makes sense. It’s more risk to drop big capital on something than to rent it. Before govt interventions and homeownership policies influenced housing, I think most mortgages reguired 50% down, if you could get one. Imagine what the prices would be now, with that kind of loan? And you couldnt deduct mortgage interest payments. But there wasnt always income tax, either. Hey, go back far enough and only royalty was allowed to own real estate.[/quote]

You are correct peterb.

I studied some history of appraisal. Back before WWII, real estate was depreciated. The comparative sales approach to appraisal did not take hold until prices started consistently increasing.

Before FHA, residential real estate were balloon payment loans.
http://en.wikipedia.org/wiki/Federal_Housing_Administration

I think that in Germany it is cheaper to own. It’s perfectly acceptable to rent over there.

[briansd1]

[quote=peterb]Perhaps if someone had data that goes back far enough, a couple of hundred years, it may indicate that purchasing was cheaper? It makes sense. It’s more risk to drop big capital on something than to rent it. Before govt interventions and homeownership policies influenced housing, I think most mortgages reguired 50% down, if you could get one. Imagine what the prices would be now, with that kind of loan? And you couldnt deduct mortgage interest payments. But there wasnt always income tax, either. Hey, go back far enough and only royalty was allowed to own real estate.[/quote]

You are correct peterb.

I studied some history of appraisal. Back before WWII, real estate was depreciated. The comparative sales approach to appraisal did not take hold until prices started consistently increasing.

Before FHA, residential real estate were balloon payment loans.
http://en.wikipedia.org/wiki/Federal_Housing_Administration

I think that in Germany it is cheaper to own. It’s perfectly acceptable to rent over there.

[briansd1]

[quote=peterb]Perhaps if someone had data that goes back far enough, a couple of hundred years, it may indicate that purchasing was cheaper? It makes sense. It’s more risk to drop big capital on something than to rent it. Before govt interventions and homeownership policies influenced housing, I think most mortgages reguired 50% down, if you could get one. Imagine what the prices would be now, with that kind of loan? And you couldnt deduct mortgage interest payments. But there wasnt always income tax, either. Hey, go back far enough and only royalty was allowed to own real estate.[/quote]

You are correct peterb.

I studied some history of appraisal. Back before WWII, real estate was depreciated. The comparative sales approach to appraisal did not take hold until prices started consistently increasing.

Before FHA, residential real estate were balloon payment loans.
http://en.wikipedia.org/wiki/Federal_Housing_Administration

I think that in Germany it is cheaper to own. It’s perfectly acceptable to rent over there.

[Author]

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