Renting is not better than buying

[NotCranky]

Rust,

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

What? Did I sound a little cranky? ;).

As far as the topic of buying or not goes, it seems healthy to me that one not hunker down too much, but not get reckless either. People are going to be buying stuff that they don’t really live to regret or even prosper from, long before some absolute bottom.I personally like the idea of not wasting time. If the world goes to hell in a hand basket such that some of the best deals from here until the bottom that are conservatively purchased are laid to waste, all except those with the deepest pockets and best income streams are going to be hosed anyway. So if you get a really good deal, conservatively purchased, it is a pretty good gamble. I don’t see that happening so much where most piggs want to buy yet.

[Raybyrnes]

Bugs
I agree with your post. All I am suggesting is that there ae a lot of people out there who have no clue about real estate and finance now just as there were lot’s of people who might have been uninfomred 20 years ago.

I amn not advocating that people without income go out and do 100% financing to own rather than rent.

What I am suggesting is that if a young profesional couple both employed are making 200K combined income a year and they identify a 500K home in Poway that they really love and think they might be in there for a long time, then for this specific couple it might just make sense to putll the trgger becaseu over the long haul they are planning on staying and they can not only afford teh payments on one income but in the event that that income was halfed they could still maage to get by. Over the long haul I believe a home is going to pay off for this type of buyer. Just as it has for buyers in the past.

[Raybyrnes]

Bugs
I agree with your post. All I am suggesting is that there ae a lot of people out there who have no clue about real estate and finance now just as there were lot’s of people who might have been uninfomred 20 years ago.

I amn not advocating that people without income go out and do 100% financing to own rather than rent.

What I am suggesting is that if a young profesional couple both employed are making 200K combined income a year and they identify a 500K home in Poway that they really love and think they might be in there for a long time, then for this specific couple it might just make sense to putll the trgger becaseu over the long haul they are planning on staying and they can not only afford teh payments on one income but in the event that that income was halfed they could still maage to get by. Over the long haul I believe a home is going to pay off for this type of buyer. Just as it has for buyers in the past.

[Raybyrnes]

Bugs
I agree with your post. All I am suggesting is that there ae a lot of people out there who have no clue about real estate and finance now just as there were lot’s of people who might have been uninfomred 20 years ago.

I amn not advocating that people without income go out and do 100% financing to own rather than rent.

What I am suggesting is that if a young profesional couple both employed are making 200K combined income a year and they identify a 500K home in Poway that they really love and think they might be in there for a long time, then for this specific couple it might just make sense to putll the trgger becaseu over the long haul they are planning on staying and they can not only afford teh payments on one income but in the event that that income was halfed they could still maage to get by. Over the long haul I believe a home is going to pay off for this type of buyer. Just as it has for buyers in the past.

[Raybyrnes]

Bugs
I agree with your post. All I am suggesting is that there ae a lot of people out there who have no clue about real estate and finance now just as there were lot’s of people who might have been uninfomred 20 years ago.

I amn not advocating that people without income go out and do 100% financing to own rather than rent.

What I am suggesting is that if a young profesional couple both employed are making 200K combined income a year and they identify a 500K home in Poway that they really love and think they might be in there for a long time, then for this specific couple it might just make sense to putll the trgger becaseu over the long haul they are planning on staying and they can not only afford teh payments on one income but in the event that that income was halfed they could still maage to get by. Over the long haul I believe a home is going to pay off for this type of buyer. Just as it has for buyers in the past.

[Raybyrnes]

Bugs
I agree with your post. All I am suggesting is that there ae a lot of people out there who have no clue about real estate and finance now just as there were lot’s of people who might have been uninfomred 20 years ago.

I amn not advocating that people without income go out and do 100% financing to own rather than rent.

What I am suggesting is that if a young profesional couple both employed are making 200K combined income a year and they identify a 500K home in Poway that they really love and think they might be in there for a long time, then for this specific couple it might just make sense to putll the trgger becaseu over the long haul they are planning on staying and they can not only afford teh payments on one income but in the event that that income was halfed they could still maage to get by. Over the long haul I believe a home is going to pay off for this type of buyer. Just as it has for buyers in the past.

[sdcellar]

ahh, yes, nothing better than a strategy that requires you to be in for the long haul.

Yes, I can just imagine that $200K/year couple hunkered down in their craptastic $500K Poway dump 20 years from now thinking, “yes, this is the dream I imagined came with a successful career. Sure, the kids don’t like sharing the second bedroom, but man, we were in it for the long haul. Life is good.”

[sdcellar]

ahh, yes, nothing better than a strategy that requires you to be in for the long haul.

Yes, I can just imagine that $200K/year couple hunkered down in their craptastic $500K Poway dump 20 years from now thinking, “yes, this is the dream I imagined came with a successful career. Sure, the kids don’t like sharing the second bedroom, but man, we were in it for the long haul. Life is good.”

[sdcellar]

ahh, yes, nothing better than a strategy that requires you to be in for the long haul.

Yes, I can just imagine that $200K/year couple hunkered down in their craptastic $500K Poway dump 20 years from now thinking, “yes, this is the dream I imagined came with a successful career. Sure, the kids don’t like sharing the second bedroom, but man, we were in it for the long haul. Life is good.”

[sdcellar]

ahh, yes, nothing better than a strategy that requires you to be in for the long haul.

Yes, I can just imagine that $200K/year couple hunkered down in their craptastic $500K Poway dump 20 years from now thinking, “yes, this is the dream I imagined came with a successful career. Sure, the kids don’t like sharing the second bedroom, but man, we were in it for the long haul. Life is good.”

[sdcellar]

ahh, yes, nothing better than a strategy that requires you to be in for the long haul.

Yes, I can just imagine that $200K/year couple hunkered down in their craptastic $500K Poway dump 20 years from now thinking, “yes, this is the dream I imagined came with a successful career. Sure, the kids don’t like sharing the second bedroom, but man, we were in it for the long haul. Life is good.”

[Raybyrnes]

I shared the upstairs with my brother and I had a lot of other friends who were in the same boat. Additionally I know plenty of non profesional , carpenters, plumbers, ploice , fireman who were not making uge money but had steady pay checks, did side jobs, and sqirreled away their nuts each winter. Sorry to insult you snobbery but it is calle being middle class.

[Raybyrnes]

I shared the upstairs with my brother and I had a lot of other friends who were in the same boat. Additionally I know plenty of non profesional , carpenters, plumbers, ploice , fireman who were not making uge money but had steady pay checks, did side jobs, and sqirreled away their nuts each winter. Sorry to insult you snobbery but it is calle being middle class.

[Raybyrnes]

I shared the upstairs with my brother and I had a lot of other friends who were in the same boat. Additionally I know plenty of non profesional , carpenters, plumbers, ploice , fireman who were not making uge money but had steady pay checks, did side jobs, and sqirreled away their nuts each winter. Sorry to insult you snobbery but it is calle being middle class.

[Raybyrnes]

I shared the upstairs with my brother and I had a lot of other friends who were in the same boat. Additionally I know plenty of non profesional , carpenters, plumbers, ploice , fireman who were not making uge money but had steady pay checks, did side jobs, and sqirreled away their nuts each winter. Sorry to insult you snobbery but it is calle being middle class.

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