Rent ftw, no repairs, no crying about being suid, not having the government take your house at 80yrs old for medical bills, throw your savings by not buying in a IRA and when you loose your job in a bad econ just move to a cheaper place and watch your previous landlord get forclosed on. Owning a home is an illusion. Don't forget, you die at the end!!!!
Unless your contractor/developer goes belly up in the middle of the job (which is what happened to me many moons ago). But I do agree, building a house or doing a major rehab is one of the most creative things you can do.
3. you then proceed to work for the rest of your natural life picking up stress related diseases while trying to meet the evergrowing needs of this greedy landlord.
4. you are old and grey and get to enjoy a few years of total security before the latest heartattack kills you. the land lord keeps your deposit, and all your interest and you, after accepting 100% of the risk from beginning are left with just brick & mortar
Tragic but the buy a great home and live happily ever after ideoligy is the luxury of those that can afford, not to need a mortgage! besides, happiness is a state of mind, security and material wealth are illusive state sponsored feelings. :-)Erik
Everyone has to live somewhere. If you rent, you're paying the mortgage for someone else. If you buy, even if you need a mortgage (and I have one like everyone else), you're building wealth. The trouble comes from folks who don't take the time to understand what they're doing, don't have a clue what they can really afford, and unluckily find themselves at the mercy of a bad-apple lender or real estate agent.
so im guessing rent is better??
west93 1 year ago
Rent ftw, no repairs, no crying about being suid, not having the government take your house at 80yrs old for medical bills, throw your savings by not buying in a IRA and when you loose your job in a bad econ just move to a cheaper place and watch your previous landlord get forclosed on. Owning a home is an illusion. Don't forget, you die at the end!!!!
blunkall6644 2 years ago
Unless your contractor/developer goes belly up in the middle of the job (which is what happened to me many moons ago). But I do agree, building a house or doing a major rehab is one of the most creative things you can do.
ExpertRealEstateTips in reply to cesar210788 (Show the comment) 3 years ago
3. you then proceed to work for the rest of your natural life picking up stress related diseases while trying to meet the evergrowing needs of this greedy landlord.
4. you are old and grey and get to enjoy a few years of total security before the latest heartattack kills you. the land lord keeps your deposit, and all your interest and you, after accepting 100% of the risk from beginning are left with just brick & mortar
ErikTekno 3 years ago
Oh, Erik. Such a tragic view of homeowners. Or, you can just educate yourself, buy a great home and live happily ever after. :)
Ilyce
ExpertRealEstateTips in reply to ErikTekno (Show the comment) 3 years ago
Tragic but the buy a great home and live happily ever after ideoligy is the luxury of those that can afford, not to need a mortgage! besides, happiness is a state of mind, security and material wealth are illusive state sponsored feelings. :-)Erik
ErikTekno in reply to ExpertRealEstateTips (Show the comment) 3 years ago
Everyone has to live somewhere. If you rent, you're paying the mortgage for someone else. If you buy, even if you need a mortgage (and I have one like everyone else), you're building wealth. The trouble comes from folks who don't take the time to understand what they're doing, don't have a clue what they can really afford, and unluckily find themselves at the mercy of a bad-apple lender or real estate agent.
ExpertRealEstateTips in reply to ErikTekno (Show the comment) 3 years ago
Its all very simple;
1.you buy a house your bank becomes your landlord, you pay him a non returnable lump sum based on trust that the product is going to hold its value.
2. you then pay that landlord rent, that can rise at a moments notice without warning & you pay interest on that rent aswell.
ErikTekno 3 years ago