[joestool]

That’s the kind of thinking that went into this bubble in the first place.

I/O mortgage vs rent is more like renting-with-risk than renting-with-benefits.
Renting exposes you to risk of rental cost increase; but you have the option to move or re-negotiate your lease arrangements.

I/O mortgate exposes you to housing market risk, interest rate risk, tax target risk, HOA rate and special assessment risk (if you have HOA), fire/flood/earthquake/etc. disaster and associated insurance market risk….

But you do get to participate in the benefit of speculating in housing price appreciation. Of course to monetize that benefit, you have to extract that gain in the form of increased debt, or: SELL AND BECOME A RENTER!

[joestool]

That’s the kind of thinking that went into this bubble in the first place.

I/O mortgage vs rent is more like renting-with-risk than renting-with-benefits.
Renting exposes you to risk of rental cost increase; but you have the option to move or re-negotiate your lease arrangements.

I/O mortgate exposes you to housing market risk, interest rate risk, tax target risk, HOA rate and special assessment risk (if you have HOA), fire/flood/earthquake/etc. disaster and associated insurance market risk….

But you do get to participate in the benefit of speculating in housing price appreciation. Of course to monetize that benefit, you have to extract that gain in the form of increased debt, or: SELL AND BECOME A RENTER!

[joestool]

That’s the kind of thinking that went into this bubble in the first place.

I/O mortgage vs rent is more like renting-with-risk than renting-with-benefits.
Renting exposes you to risk of rental cost increase; but you have the option to move or re-negotiate your lease arrangements.

I/O mortgate exposes you to housing market risk, interest rate risk, tax target risk, HOA rate and special assessment risk (if you have HOA), fire/flood/earthquake/etc. disaster and associated insurance market risk….

But you do get to participate in the benefit of speculating in housing price appreciation. Of course to monetize that benefit, you have to extract that gain in the form of increased debt, or: SELL AND BECOME A RENTER!

[joestool]

That’s the kind of thinking that went into this bubble in the first place.

I/O mortgage vs rent is more like renting-with-risk than renting-with-benefits.
Renting exposes you to risk of rental cost increase; but you have the option to move or re-negotiate your lease arrangements.

I/O mortgate exposes you to housing market risk, interest rate risk, tax target risk, HOA rate and special assessment risk (if you have HOA), fire/flood/earthquake/etc. disaster and associated insurance market risk….

But you do get to participate in the benefit of speculating in housing price appreciation. Of course to monetize that benefit, you have to extract that gain in the form of increased debt, or: SELL AND BECOME A RENTER!

[joestool]

That’s the kind of thinking that went into this bubble in the first place.

I/O mortgage vs rent is more like renting-with-risk than renting-with-benefits.
Renting exposes you to risk of rental cost increase; but you have the option to move or re-negotiate your lease arrangements.

I/O mortgate exposes you to housing market risk, interest rate risk, tax target risk, HOA rate and special assessment risk (if you have HOA), fire/flood/earthquake/etc. disaster and associated insurance market risk….

But you do get to participate in the benefit of speculating in housing price appreciation. Of course to monetize that benefit, you have to extract that gain in the form of increased debt, or: SELL AND BECOME A RENTER!

[joestool]

Here are the stipulations. You can’t make over 90k per year. You must attend two 3 hour counseling classes. It is full doc.
There is also a program called the cadat, where the state of california pays three points to lower your rate even further. This is in the form of a silent second that needs to be paid back when you sell it if ever.

What gets me is by my making slightly over 90k I have even less buying power in the housing market than you do.
I’m forced to pay taxes that go to subsidize your buying a house you can’t really afford. Thus creating artificial demand driving up the price so now I can’t afford it either. Then, when you eventually default because life changes require you forclose or sell the house in a short sale, I get to pay even more in taxes and inflation to bail you out again.

Enjoy the house.

[joestool]

Here are the stipulations. You can’t make over 90k per year. You must attend two 3 hour counseling classes. It is full doc.
There is also a program called the cadat, where the state of california pays three points to lower your rate even further. This is in the form of a silent second that needs to be paid back when you sell it if ever.

What gets me is by my making slightly over 90k I have even less buying power in the housing market than you do.
I’m forced to pay taxes that go to subsidize your buying a house you can’t really afford. Thus creating artificial demand driving up the price so now I can’t afford it either. Then, when you eventually default because life changes require you forclose or sell the house in a short sale, I get to pay even more in taxes and inflation to bail you out again.

Enjoy the house.

[joestool]

Here are the stipulations. You can’t make over 90k per year. You must attend two 3 hour counseling classes. It is full doc.
There is also a program called the cadat, where the state of california pays three points to lower your rate even further. This is in the form of a silent second that needs to be paid back when you sell it if ever.

What gets me is by my making slightly over 90k I have even less buying power in the housing market than you do.
I’m forced to pay taxes that go to subsidize your buying a house you can’t really afford. Thus creating artificial demand driving up the price so now I can’t afford it either. Then, when you eventually default because life changes require you forclose or sell the house in a short sale, I get to pay even more in taxes and inflation to bail you out again.

Enjoy the house.

[Author]

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