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?
What about land taxes and maintenance? Average taxes $3/year, for 10 years is $30,000 if they don't go up. What about if undesirables move into the neighborhood. Unless you pay cash I am not convinced it is a good investment.
@DJNAMIX noone ever talks about, when saying rent vs buy, buying a home for their family. they always couch the argument in a very selfish me me me, you you you term. i.e. if YOU buy a home for YOU, you should only do it for 2 years blah blah blah, vs, pay cash for you home, since you've bene renting for 15 years, and want to establish a homestead that will remain IN YOUR FAMILY for generations. gee, never see that put forward. yet rich people don't buy houses biannually. hmmm
@flagship21
I paid cash for mine. Fuck the banks.
AllPro777 3 weeks ago
What about land taxes and maintenance? Average taxes $3/year, for 10 years is $30,000 if they don't go up. What about if undesirables move into the neighborhood. Unless you pay cash I am not convinced it is a good investment.
Lughnerson 6 months ago
Rent your personal residence and own rental properties.
BMWg84 1 year ago
Better deals? Three years later and things are getting worse. Oh Well.
jvolstad 1 year ago
@ActionFigureReview and you're a troll. thanks for playing?
shakaama 1 year ago
@shakaama your a nut!
ActionFigureReview 1 year ago
@DJNAMIX noone ever talks about, when saying rent vs buy, buying a home for their family. they always couch the argument in a very selfish me me me, you you you term. i.e. if YOU buy a home for YOU, you should only do it for 2 years blah blah blah, vs, pay cash for you home, since you've bene renting for 15 years, and want to establish a homestead that will remain IN YOUR FAMILY for generations. gee, never see that put forward. yet rich people don't buy houses biannually. hmmm
shakaama 1 year ago
Brain washed to buy a house to make Banks rich.
flagship21 1 year ago
@lilgirlsj rent forever please
MrIncomeProperty 1 year ago
@worshipthesock you need to look up the word hedging because renting is no such thing. it is simply paying for a service
MrIncomeProperty 1 year ago