Renting is not better than buying

[ibjames]

Rust,

Which side of the bed did you wake up on this morning?

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Touche’

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Touche’

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Touche’

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Touche’

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Touche’

[Raybyrnes]

Bugs

You seem to make the assumption that everyone who has the extra cash is going to prudently sock it away. The reality is that in a credit card society most people would not be a prudent with the additonal money they have. Therefore homeownership creates a forced saving for many people. Now I know that many will argue that Equity lines and other tools can be tapped into against the home but I would argue there are more who buy homes in the hopes of simply paying them off and being debt free.

Here is my question to you bugs. If I bought 1 house a year cassh at a market rate and I did this for 20 years. how owul that strategy ahve worked out for me. You take any 20 year period of time and I will make a bet that in real terms (account for all net present value calculations) I would be ahead.

[Raybyrnes]

Bugs

You seem to make the assumption that everyone who has the extra cash is going to prudently sock it away. The reality is that in a credit card society most people would not be a prudent with the additonal money they have. Therefore homeownership creates a forced saving for many people. Now I know that many will argue that Equity lines and other tools can be tapped into against the home but I would argue there are more who buy homes in the hopes of simply paying them off and being debt free.

Here is my question to you bugs. If I bought 1 house a year cassh at a market rate and I did this for 20 years. how owul that strategy ahve worked out for me. You take any 20 year period of time and I will make a bet that in real terms (account for all net present value calculations) I would be ahead.

[Raybyrnes]

Bugs

You seem to make the assumption that everyone who has the extra cash is going to prudently sock it away. The reality is that in a credit card society most people would not be a prudent with the additonal money they have. Therefore homeownership creates a forced saving for many people. Now I know that many will argue that Equity lines and other tools can be tapped into against the home but I would argue there are more who buy homes in the hopes of simply paying them off and being debt free.

Here is my question to you bugs. If I bought 1 house a year cassh at a market rate and I did this for 20 years. how owul that strategy ahve worked out for me. You take any 20 year period of time and I will make a bet that in real terms (account for all net present value calculations) I would be ahead.

[Raybyrnes]

Bugs

You seem to make the assumption that everyone who has the extra cash is going to prudently sock it away. The reality is that in a credit card society most people would not be a prudent with the additonal money they have. Therefore homeownership creates a forced saving for many people. Now I know that many will argue that Equity lines and other tools can be tapped into against the home but I would argue there are more who buy homes in the hopes of simply paying them off and being debt free.

Here is my question to you bugs. If I bought 1 house a year cassh at a market rate and I did this for 20 years. how owul that strategy ahve worked out for me. You take any 20 year period of time and I will make a bet that in real terms (account for all net present value calculations) I would be ahead.

[Raybyrnes]

Bugs

You seem to make the assumption that everyone who has the extra cash is going to prudently sock it away. The reality is that in a credit card society most people would not be a prudent with the additonal money they have. Therefore homeownership creates a forced saving for many people. Now I know that many will argue that Equity lines and other tools can be tapped into against the home but I would argue there are more who buy homes in the hopes of simply paying them off and being debt free.

Here is my question to you bugs. If I bought 1 house a year cassh at a market rate and I did this for 20 years. how owul that strategy ahve worked out for me. You take any 20 year period of time and I will make a bet that in real terms (account for all net present value calculations) I would be ahead.

[patientlywaiting]

You seem to make the assumption that everyone who has the extra cash is going to prudently sock it away. The reality is that in a credit card society most people would not be a prudent with the additonal money they have.

At least they would have had the luxury to blow away their money on vacations, massages, sushi, etc… rather than sending it to the bank for interest. 

 

[patientlywaiting]

You seem to make the assumption that everyone who has the extra cash is going to prudently sock it away. The reality is that in a credit card society most people would not be a prudent with the additonal money they have.

At least they would have had the luxury to blow away their money on vacations, massages, sushi, etc… rather than sending it to the bank for interest. 

 

[patientlywaiting]

You seem to make the assumption that everyone who has the extra cash is going to prudently sock it away. The reality is that in a credit card society most people would not be a prudent with the additonal money they have.

At least they would have had the luxury to blow away their money on vacations, massages, sushi, etc… rather than sending it to the bank for interest. 

 

[patientlywaiting]

You seem to make the assumption that everyone who has the extra cash is going to prudently sock it away. The reality is that in a credit card society most people would not be a prudent with the additonal money they have.

At least they would have had the luxury to blow away their money on vacations, massages, sushi, etc… rather than sending it to the bank for interest. 

 

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