Renting is not better than buying

[San Diego Native]

WOW! Reading these very unhappy posts sure makes me glad we bought all of our San Diego properties waaaaaaay before 2000! At least 80% of San Diego homeowners would never consider paying the exhorbitant rents OR mortgage payments OR property taxes that have been referenced here.
Talk about stupid!!

[Bugs]

SDnative,

We get it. You were born into fortunate circumstances and now your place in the sun is guaranteed. It’s very true that it’s better to be lucky than be good (or smart).

Hopefully you won’t get sick, ’cause if that happens I can guarantee that you’d be in for a rude awakening that would wipe out that smug attitude you’re constantly carrying. There are very few people who are more than a year away from losing it all.

Of course, I’m operating off the assumption that you’re not e-balling. That could be a mistake though, ’cause most people who really do have a good situation know how little it takes to suffer a reversal of fortune. We have some regulars on this board (not me) who clearly have enough assets to buy you out several times over, but I notice they don’t spend a whole lot of energy patting themselves on the back. You should consider the possibility that they might know something you don’t.

[Bugs]

SDnative,

We get it. You were born into fortunate circumstances and now your place in the sun is guaranteed. It’s very true that it’s better to be lucky than be good (or smart).

Hopefully you won’t get sick, ’cause if that happens I can guarantee that you’d be in for a rude awakening that would wipe out that smug attitude you’re constantly carrying. There are very few people who are more than a year away from losing it all.

Of course, I’m operating off the assumption that you’re not e-balling. That could be a mistake though, ’cause most people who really do have a good situation know how little it takes to suffer a reversal of fortune. We have some regulars on this board (not me) who clearly have enough assets to buy you out several times over, but I notice they don’t spend a whole lot of energy patting themselves on the back. You should consider the possibility that they might know something you don’t.

[Bugs]

SDnative,

We get it. You were born into fortunate circumstances and now your place in the sun is guaranteed. It’s very true that it’s better to be lucky than be good (or smart).

Hopefully you won’t get sick, ’cause if that happens I can guarantee that you’d be in for a rude awakening that would wipe out that smug attitude you’re constantly carrying. There are very few people who are more than a year away from losing it all.

Of course, I’m operating off the assumption that you’re not e-balling. That could be a mistake though, ’cause most people who really do have a good situation know how little it takes to suffer a reversal of fortune. We have some regulars on this board (not me) who clearly have enough assets to buy you out several times over, but I notice they don’t spend a whole lot of energy patting themselves on the back. You should consider the possibility that they might know something you don’t.

[Bugs]

SDnative,

We get it. You were born into fortunate circumstances and now your place in the sun is guaranteed. It’s very true that it’s better to be lucky than be good (or smart).

Hopefully you won’t get sick, ’cause if that happens I can guarantee that you’d be in for a rude awakening that would wipe out that smug attitude you’re constantly carrying. There are very few people who are more than a year away from losing it all.

Of course, I’m operating off the assumption that you’re not e-balling. That could be a mistake though, ’cause most people who really do have a good situation know how little it takes to suffer a reversal of fortune. We have some regulars on this board (not me) who clearly have enough assets to buy you out several times over, but I notice they don’t spend a whole lot of energy patting themselves on the back. You should consider the possibility that they might know something you don’t.

[Bugs]

SDnative,

We get it. You were born into fortunate circumstances and now your place in the sun is guaranteed. It’s very true that it’s better to be lucky than be good (or smart).

Hopefully you won’t get sick, ’cause if that happens I can guarantee that you’d be in for a rude awakening that would wipe out that smug attitude you’re constantly carrying. There are very few people who are more than a year away from losing it all.

Of course, I’m operating off the assumption that you’re not e-balling. That could be a mistake though, ’cause most people who really do have a good situation know how little it takes to suffer a reversal of fortune. We have some regulars on this board (not me) who clearly have enough assets to buy you out several times over, but I notice they don’t spend a whole lot of energy patting themselves on the back. You should consider the possibility that they might know something you don’t.

[Bugs]

Alex,

Nobody said that renting is always better than buying; it’s just better when the market is as distorted as it has been for the last few years. Who knows? Maybe it’ll never get this distorted again and after this cycle is over it will always be better to own than to rent. But that’s not the case now.

Like Asianautica said, in 2000 it definitely would have been better to be a buyer than a renter; especially if you had the discipline to get out at the peak and pocket the cash.

As for rent, you didn’t get nothing out of it. You paid for and received shelter, probably in a much nicer place than you could ever have afforded to buy. You also got to pocket the difference between your rent and the mortgage. You just didn’t get the right to profit (or lose) from the changes in value.

[Bugs]

Alex,

Nobody said that renting is always better than buying; it’s just better when the market is as distorted as it has been for the last few years. Who knows? Maybe it’ll never get this distorted again and after this cycle is over it will always be better to own than to rent. But that’s not the case now.

Like Asianautica said, in 2000 it definitely would have been better to be a buyer than a renter; especially if you had the discipline to get out at the peak and pocket the cash.

As for rent, you didn’t get nothing out of it. You paid for and received shelter, probably in a much nicer place than you could ever have afforded to buy. You also got to pocket the difference between your rent and the mortgage. You just didn’t get the right to profit (or lose) from the changes in value.

[Bugs]

Alex,

Nobody said that renting is always better than buying; it’s just better when the market is as distorted as it has been for the last few years. Who knows? Maybe it’ll never get this distorted again and after this cycle is over it will always be better to own than to rent. But that’s not the case now.

Like Asianautica said, in 2000 it definitely would have been better to be a buyer than a renter; especially if you had the discipline to get out at the peak and pocket the cash.

As for rent, you didn’t get nothing out of it. You paid for and received shelter, probably in a much nicer place than you could ever have afforded to buy. You also got to pocket the difference between your rent and the mortgage. You just didn’t get the right to profit (or lose) from the changes in value.

[Bugs]

Alex,

Nobody said that renting is always better than buying; it’s just better when the market is as distorted as it has been for the last few years. Who knows? Maybe it’ll never get this distorted again and after this cycle is over it will always be better to own than to rent. But that’s not the case now.

Like Asianautica said, in 2000 it definitely would have been better to be a buyer than a renter; especially if you had the discipline to get out at the peak and pocket the cash.

As for rent, you didn’t get nothing out of it. You paid for and received shelter, probably in a much nicer place than you could ever have afforded to buy. You also got to pocket the difference between your rent and the mortgage. You just didn’t get the right to profit (or lose) from the changes in value.

[Bugs]

Alex,

Nobody said that renting is always better than buying; it’s just better when the market is as distorted as it has been for the last few years. Who knows? Maybe it’ll never get this distorted again and after this cycle is over it will always be better to own than to rent. But that’s not the case now.

Like Asianautica said, in 2000 it definitely would have been better to be a buyer than a renter; especially if you had the discipline to get out at the peak and pocket the cash.

As for rent, you didn’t get nothing out of it. You paid for and received shelter, probably in a much nicer place than you could ever have afforded to buy. You also got to pocket the difference between your rent and the mortgage. You just didn’t get the right to profit (or lose) from the changes in value.

[San Diego Native]

Interesting how my perceived “smug” attitude is even noticed above the constantly “obnoxious” attitude of those who rail against San Diego homeowners on a daily basis.

I totally agree about the fleeting nature of life. Everyone should know everything can be taken away from any of us at any moment in time. Everything on earth is temporary and eternity is just around the corner for each of us–all the more reason to enjoy every single
day–living the way you want to live.

Since my family helped found this city, I’m extremely grateful that we’ve been able to enjoy many wonderful years in San Diego–living the way we want to live.

[San Diego Native]

Interesting how my perceived “smug” attitude is even noticed above the constantly “obnoxious” attitude of those who rail against San Diego homeowners on a daily basis.

I totally agree about the fleeting nature of life. Everyone should know everything can be taken away from any of us at any moment in time. Everything on earth is temporary and eternity is just around the corner for each of us–all the more reason to enjoy every single
day–living the way you want to live.

Since my family helped found this city, I’m extremely grateful that we’ve been able to enjoy many wonderful years in San Diego–living the way we want to live.

[San Diego Native]

Interesting how my perceived “smug” attitude is even noticed above the constantly “obnoxious” attitude of those who rail against San Diego homeowners on a daily basis.

I totally agree about the fleeting nature of life. Everyone should know everything can be taken away from any of us at any moment in time. Everything on earth is temporary and eternity is just around the corner for each of us–all the more reason to enjoy every single
day–living the way you want to live.

Since my family helped found this city, I’m extremely grateful that we’ve been able to enjoy many wonderful years in San Diego–living the way we want to live.

[San Diego Native]

Interesting how my perceived “smug” attitude is even noticed above the constantly “obnoxious” attitude of those who rail against San Diego homeowners on a daily basis.

I totally agree about the fleeting nature of life. Everyone should know everything can be taken away from any of us at any moment in time. Everything on earth is temporary and eternity is just around the corner for each of us–all the more reason to enjoy every single
day–living the way you want to live.

Since my family helped found this city, I’m extremely grateful that we’ve been able to enjoy many wonderful years in San Diego–living the way we want to live.

[Author]

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