[what_a_disasta]

Thats true, but a 60k a year savings by renting over buying is quite a lot.

[what_a_disasta]

Thats true, but a 60k a year savings by renting over buying is quite a lot.

[what_a_disasta]

Interesting. I have never seen my landlord in the past 2 years. You make it sound like yours is always popping round. I wouldnt stand for that. Just dont answer the phone to them, they cannot enter unannounced.

[what_a_disasta]

Interesting. I have never seen my landlord in the past 2 years. You make it sound like yours is always popping round. I wouldnt stand for that. Just dont answer the phone to them, they cannot enter unannounced.

[what_a_disasta]

buyorhold,

Did you know that 4S ranch has already earned the nickname ‘4closure ranch’?

IO for seven years without some hot investment for the unpaid principal is quite a risky play if you ask me. Factor in inflation and things could easily still be below today’s prices in 7 years. They would have to go up by 25% just to stay even.

I dont like making $500k+ bets unless the deck is stacked in my favor.

http://en.wikipedia.org/wiki/Ponzi_scheme

[what_a_disasta]

buyorhold,

Did you know that 4S ranch has already earned the nickname ‘4closure ranch’?

IO for seven years without some hot investment for the unpaid principal is quite a risky play if you ask me. Factor in inflation and things could easily still be below today’s prices in 7 years. They would have to go up by 25% just to stay even.

I dont like making $500k+ bets unless the deck is stacked in my favor.

http://en.wikipedia.org/wiki/Ponzi_scheme

[what_a_disasta]

“I find with renting I am treated like a second class citizen”

eccen,
Can you elaborate? What kind of person is actually treating you differently?

I have never been treated any differently as an owner or a renter.

[what_a_disasta]

“I find with renting I am treated like a second class citizen”

eccen,
Can you elaborate? What kind of person is actually treating you differently?

I have never been treated any differently as an owner or a renter.

[what_a_disasta]

You should try London. Not only are the houses more expensive than anywhere in the US, but add in $9 gas and a 100%+ premium in prices for everything else.

It makes me laugh when people complain about $3 gas.. that number can, and will, go much higher and people will just suck it up.

[what_a_disasta]

You should try London. Not only are the houses more expensive than anywhere in the US, but add in $9 gas and a 100%+ premium in prices for everything else.

It makes me laugh when people complain about $3 gas.. that number can, and will, go much higher and people will just suck it up.

[what_a_disasta]

I wish it mattered. There is nobody running that I could endorse. Democracy in the US is an illusion.

[what_a_disasta]

I wish it mattered. There is nobody running that I could endorse. Democracy in the US is an illusion.

[what_a_disasta]

We did it because we didnt like our neighborhood in SD and didnt fancy spending 10 years trapped in such a parochial place. If our equity was vaporized we would have been forced to stay for the best years of our lives.

Since selling we have been renting a nicer place in a better location for about 40% less than we were paying before. We have saved up a lot of money and will buy somewhere better one day when the time feels right (less risky).

So we missed and potential upside if it turns around, but we have an increased quality of life and much less risk.

If you can afford to get out for a profit, I would do it in a heartbeat. If it will ruin you to sell you might as well take your chances and stay put (if you can afford to).

[what_a_disasta]

We did it because we didnt like our neighborhood in SD and didnt fancy spending 10 years trapped in such a parochial place. If our equity was vaporized we would have been forced to stay for the best years of our lives.

Since selling we have been renting a nicer place in a better location for about 40% less than we were paying before. We have saved up a lot of money and will buy somewhere better one day when the time feels right (less risky).

So we missed and potential upside if it turns around, but we have an increased quality of life and much less risk.

If you can afford to get out for a profit, I would do it in a heartbeat. If it will ruin you to sell you might as well take your chances and stay put (if you can afford to).

[what_a_disasta]

Who knows. It’s a total crap shoot out there these days.

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