MoneyTalksNews asked:
Owning your own home: an idea so popular it’s known as the American dream. But as prices fall and foreclosures rise, for many it’s become a nightmare instead. How do you know whether renting or owning is the way to go?
Holly
Joseph
With so many people losing their homes I bet they wished they never asked for a 500,000 loan knowing now they cant even pay it back so home owners lose
Allen
Gov’t Data is a lie and a fraud in cahoots with the Blankfein’s of
WallStreet, manipulating the “American free market”, credit swaps
high frequency trading, flash orders, naked short selling, cdo’s
Goldman and Obama are in bed, Summers, Benanke, Geitner are frauds
Jobs exported your labor de-valued to Zero to screw you into debt
Walk away from your CC cards and (underwater) mortgages
FICO scores are a scam to enslave you and keep you in debt
Get out off paper.Don’t be sheeple. Fight back!
Howard
worshipthesock:
You might want to live somewhere for only a couple of years sure of course but if your going to rent then get a hole in the wall and pay low rent so you can save money for the future as a strategy. If you can find a condo in an upcoming neighborhood for cheap though buy now and rent it out. Then you can move on and your making money on the move. To have a good strategy is to grow deep roots and prosper my friend. =-)
Gregory
worshipthesock:
My system wouldnt work if not for renters? It sure worked for me since I was a renter and I finally realized I was throwing money out the window. If you research before buying anything then youll know what your doing.Your talking about temporary situations and convenience. Thats all fine and dandy until you start seeing that nice big hole in your pocket. =–)
Lillie
DJNAMIX:
Just a thought for you to consider. Your system wouldn’t work if not for the renters. If your advice was right for everyone, there’d be no renters.
Renting is not for suckers, it’s for people who have certain needs. For instance you’re only going to live somewhere for a couple two years, buying could be a tremendous hassle, and if you’re not sure what that local real estate market is going to do it could even be very risky.
Renting should be thought of as a hedging strategy.
Francis
This is the time to buy a house people. I own a 2 family so I have renters pay my morgage. Remember the old saying dont work hard for your house. Let the house work hard for you. Im even going to finish my basement Legally of course to rent that out also. If a house is not for you buy a condo at least its yours and you can make money from it once everything gets back to normal. For lilgirlsj, Yes I like the idea that people should rent for years and pay my morgage >=-) and billls. Own not Rent
David
For the next 2 years i think people should just rent.
Troy
yea and that is what i call anything someone lives in. i have done this in my “apartment”.
Jonathan
the house i rented is a POS! the freakin door handles to my room just fell off one day. grr
Andrea
He said apartment, not house.
Hector
never heard about anyones house burning up from burning noodles. I have done this before for 7 hours, and it just stank up the house. no fire.
Juanita
Should Claify Renting a Home and not Renting a Apartment.
Hell no Never ever Rent in a Apartment complex. no double no never.
nothing like finding out your neighbor burn’t everything you own to the ground because she fell asleep while making noodles.
Alvin
me to,im waiting until the prices of homes go down before i buy one.
Steven
NEED CREDIT? creditloader dot com
Marc
I am renting but I sure hate it… but the houses are going to have to come down from “crazy high” before I’m going to want to buy one.