Renting is not better than buying

[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.

[La Jolla Renter]

Not all renters are skimping by with a few grand in the ol’ down payment fund crying because they are not homeowners.

As a matter of fact, some own a business, own cash flowing rental property, have a net worth exceeding $2M and have been maxing out their SEP IRA at the tune of $42k a year for years. In 2010 they plan to take advantage of a new tax law that will allow them to convert the Sep to a Roth IRA and pay the tax with all the cash they saved renting.

2010… age 41… with 600k in a Roth… how sweet it is being a renter.

[La Jolla Renter]

Not all renters are skimping by with a few grand in the ol’ down payment fund crying because they are not homeowners.

As a matter of fact, some own a business, own cash flowing rental property, have a net worth exceeding $2M and have been maxing out their SEP IRA at the tune of $42k a year for years. In 2010 they plan to take advantage of a new tax law that will allow them to convert the Sep to a Roth IRA and pay the tax with all the cash they saved renting.

2010… age 41… with 600k in a Roth… how sweet it is being a renter.

[La Jolla Renter]

Not all renters are skimping by with a few grand in the ol’ down payment fund crying because they are not homeowners.

As a matter of fact, some own a business, own cash flowing rental property, have a net worth exceeding $2M and have been maxing out their SEP IRA at the tune of $42k a year for years. In 2010 they plan to take advantage of a new tax law that will allow them to convert the Sep to a Roth IRA and pay the tax with all the cash they saved renting.

2010… age 41… with 600k in a Roth… how sweet it is being a renter.

[La Jolla Renter]

Not all renters are skimping by with a few grand in the ol’ down payment fund crying because they are not homeowners.

As a matter of fact, some own a business, own cash flowing rental property, have a net worth exceeding $2M and have been maxing out their SEP IRA at the tune of $42k a year for years. In 2010 they plan to take advantage of a new tax law that will allow them to convert the Sep to a Roth IRA and pay the tax with all the cash they saved renting.

2010… age 41… with 600k in a Roth… how sweet it is being a renter.

[La Jolla Renter]

Not all renters are skimping by with a few grand in the ol’ down payment fund crying because they are not homeowners.

As a matter of fact, some own a business, own cash flowing rental property, have a net worth exceeding $2M and have been maxing out their SEP IRA at the tune of $42k a year for years. In 2010 they plan to take advantage of a new tax law that will allow them to convert the Sep to a Roth IRA and pay the tax with all the cash they saved renting.

2010… age 41… with 600k in a Roth… how sweet it is being a renter.

[sdcellar]

Hey, no snobbery intended. I just found your example a bit ludicrous. Do you really consider $200K HH income to be middle class (or at least the type of common man class you’re trying to describe)? Don’t blame me because house prices are out of whack. People who make that kind of money have higher expectations.

I shared a room with my brother too (although we had no upstairs), but that is irrelevant to my comment.

Good for people who try to make the best out of what they’ve got in life. That too, is irrelevant to my comment.

People, given a choice and especially with what should be adequate means, don’t want to raise their family in a $500,000 condo or small beatdown house. That, is relevant.

[sdcellar]

Hey, no snobbery intended. I just found your example a bit ludicrous. Do you really consider $200K HH income to be middle class (or at least the type of common man class you’re trying to describe)? Don’t blame me because house prices are out of whack. People who make that kind of money have higher expectations.

I shared a room with my brother too (although we had no upstairs), but that is irrelevant to my comment.

Good for people who try to make the best out of what they’ve got in life. That too, is irrelevant to my comment.

People, given a choice and especially with what should be adequate means, don’t want to raise their family in a $500,000 condo or small beatdown house. That, is relevant.

[sdcellar]

Hey, no snobbery intended. I just found your example a bit ludicrous. Do you really consider $200K HH income to be middle class (or at least the type of common man class you’re trying to describe)? Don’t blame me because house prices are out of whack. People who make that kind of money have higher expectations.

I shared a room with my brother too (although we had no upstairs), but that is irrelevant to my comment.

Good for people who try to make the best out of what they’ve got in life. That too, is irrelevant to my comment.

People, given a choice and especially with what should be adequate means, don’t want to raise their family in a $500,000 condo or small beatdown house. That, is relevant.

[sdcellar]

Hey, no snobbery intended. I just found your example a bit ludicrous. Do you really consider $200K HH income to be middle class (or at least the type of common man class you’re trying to describe)? Don’t blame me because house prices are out of whack. People who make that kind of money have higher expectations.

I shared a room with my brother too (although we had no upstairs), but that is irrelevant to my comment.

Good for people who try to make the best out of what they’ve got in life. That too, is irrelevant to my comment.

People, given a choice and especially with what should be adequate means, don’t want to raise their family in a $500,000 condo or small beatdown house. That, is relevant.

[sdcellar]

Hey, no snobbery intended. I just found your example a bit ludicrous. Do you really consider $200K HH income to be middle class (or at least the type of common man class you’re trying to describe)? Don’t blame me because house prices are out of whack. People who make that kind of money have higher expectations.

I shared a room with my brother too (although we had no upstairs), but that is irrelevant to my comment.

Good for people who try to make the best out of what they’ve got in life. That too, is irrelevant to my comment.

People, given a choice and especially with what should be adequate means, don’t want to raise their family in a $500,000 condo or small beatdown house. That, is relevant.

[Raybyrnes]

I used 200k for an example of an income that could safely afford a half a million dollar home.HALF a MILLION dollars. I know this is Southern Cal, but that is still a lot of money especially when there is not much land that domes with it.

[Raybyrnes]

I used 200k for an example of an income that could safely afford a half a million dollar home.HALF a MILLION dollars. I know this is Southern Cal, but that is still a lot of money especially when there is not much land that domes with it.

[Raybyrnes]

I used 200k for an example of an income that could safely afford a half a million dollar home.HALF a MILLION dollars. I know this is Southern Cal, but that is still a lot of money especially when there is not much land that domes with it.

[Raybyrnes]

I used 200k for an example of an income that could safely afford a half a million dollar home.HALF a MILLION dollars. I know this is Southern Cal, but that is still a lot of money especially when there is not much land that domes with it.

[Author]

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