Renting is not better than buying

[Alex_angel]

I have read a lot of posts about how much better renting is but it really isn’t. Most of you will say “well you can buy but you’ll have to deal with a 20% loss in home values”. Its not a big deal and I’ll tell you why. If I purchased a home today for $700k and say next year it’s worth $600k most of you will say that I lost $100000k in value, sure, but its the home’s value and not what I put into it, I only mortgage the home and don’t own it outright.
I have rented for the last 7 years in SF and currently SD. Average rent was abour $2300 per month. I live in a great place in SF and here in SD.

The amount of money that I have paid out is enarly $200k and I have nothing to show for it. Zip, zilch, nada. For 7 years I lived in fear of putting up too many pictures on the wall so I can get my security deposit back, dealing with shared walled neighbours, elevators, not being able to customize my pad the way I wanted.

I would gladly take that $100k “loss” on something that I know is mine than pay out $200k as I have done and have nothing to show for it.

Oh and throw in the $100 per month cost for storage because I don’t have room in my place to store all of my belongings.

Renting is for people that can’t afford to buy or people who are seeking a temp. residence. I can’t afford to buy so I am of the former.

[JWM in SD]

JWM in SD

Will you just STFU already you freaking moron!!!

Who are you kidding here? REnting for 7 years? Well then I guess you should have bought and sold already then shouldn’t you?! Welcome to world of perpetual ponzi schemes. Everything is great until the music stops and you don’t have a chair to your stupid ass in.

Get lost already schizoid…..

[JWM in SD]

JWM in SD

Will you just STFU already you freaking moron!!!

Who are you kidding here? REnting for 7 years? Well then I guess you should have bought and sold already then shouldn’t you?! Welcome to world of perpetual ponzi schemes. Everything is great until the music stops and you don’t have a chair to your stupid ass in.

Get lost already schizoid…..

[JWM in SD]

JWM in SD

Will you just STFU already you freaking moron!!!

Who are you kidding here? REnting for 7 years? Well then I guess you should have bought and sold already then shouldn’t you?! Welcome to world of perpetual ponzi schemes. Everything is great until the music stops and you don’t have a chair to your stupid ass in.

Get lost already schizoid…..

[JWM in SD]

JWM in SD

Will you just STFU already you freaking moron!!!

Who are you kidding here? REnting for 7 years? Well then I guess you should have bought and sold already then shouldn’t you?! Welcome to world of perpetual ponzi schemes. Everything is great until the music stops and you don’t have a chair to your stupid ass in.

Get lost already schizoid…..

[JWM in SD]

JWM in SD

Will you just STFU already you freaking moron!!!

Who are you kidding here? REnting for 7 years? Well then I guess you should have bought and sold already then shouldn’t you?! Welcome to world of perpetual ponzi schemes. Everything is great until the music stops and you don’t have a chair to your stupid ass in.

Get lost already schizoid…..

[Pasadena Broker]

Here’s your pat on the back

Good job kiddo, you’re a smart cookie

[Pasadena Broker]

Here’s your pat on the back

Good job kiddo, you’re a smart cookie

[Pasadena Broker]

Here’s your pat on the back

Good job kiddo, you’re a smart cookie

[Pasadena Broker]

Here’s your pat on the back

Good job kiddo, you’re a smart cookie

[Pasadena Broker]

Here’s your pat on the back

Good job kiddo, you’re a smart cookie

[JWM in SD]

JWM in SD

Hey PB, why don’t you give this a guy a loan for the overvalued house he so desparately wants because he has been renting for “…7 years”? That way, he can buy when there is still another 50% worth of decline in the market. Why throw away your money on rent when you can throw it away on an inflated mortgage right? After all, if he defaults later on, he can just call these guys to help:
http://youwalkaway.com/

[JWM in SD]

JWM in SD

Hey PB, why don’t you give this a guy a loan for the overvalued house he so desparately wants because he has been renting for “…7 years”? That way, he can buy when there is still another 50% worth of decline in the market. Why throw away your money on rent when you can throw it away on an inflated mortgage right? After all, if he defaults later on, he can just call these guys to help:
http://youwalkaway.com/

[JWM in SD]

JWM in SD

Hey PB, why don’t you give this a guy a loan for the overvalued house he so desparately wants because he has been renting for “…7 years”? That way, he can buy when there is still another 50% worth of decline in the market. Why throw away your money on rent when you can throw it away on an inflated mortgage right? After all, if he defaults later on, he can just call these guys to help:
http://youwalkaway.com/

[JWM in SD]

JWM in SD

Hey PB, why don’t you give this a guy a loan for the overvalued house he so desparately wants because he has been renting for “…7 years”? That way, he can buy when there is still another 50% worth of decline in the market. Why throw away your money on rent when you can throw it away on an inflated mortgage right? After all, if he defaults later on, he can just call these guys to help:
http://youwalkaway.com/

[Author]

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