Dear folks who wish you owned your own home

[Baja28]

Wife and I may be selling our house.
We put down an offer on this one.
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Dear Mr. What,

You may find humor in your offer on my lovely waterfront property, however, I failed to even chuckle.

Therefore, I am not interested in letting you and your dog live in my basement in trade for mowing the lawn and removing seagull poop from the pier. Although your offer of unlimited Budlight is slightly attractive, it pales in comparison to Pete's offer of Leinenkugle Sunset Wheat and a new boat.


Sincerely,

No Rent Baja

 

[DoWhat]

removing seagull poop from the pier.

You don't realize how hard it is to clean seagull poop, do you?

 

[BoyGenius]

So, what's your point? They'd be so much better off had they just rented and put their money...in stocks and lost 1/2 their value? Under the mattress? In tin cans buried in the back yard?

How much 'value' do you have in the property you are paying to rent?

Is that the depths of your thinking? They couldn't have put it in an online savings account or TIPS? Back at the time this thread was created, online banks were paying 5% and they're still paying 3% in some cases, so that would give a baseline of a 4% FDIC insured gain versus huge losses by buying a home and investing in the wrong stocks.

But oh wait, you're part of the operation that pumps "buy now" because you profit from other peoples losses in the form of advertising dollars. Let's just call a spade a spade, okay?

 

[Larry Gude]

Is that the depths of your thinking?

Is it the depth of my thinking to ask someone what they would do when they arguing against a given course of action?

Yes.

 

[somdrenter]

How much 'value' do you have in the property you are paying to rent?

Depending on which comps you use, roughly $1K per month, and that’s not including maintenance/upkeep.

 

[somdrenter]

Renter is no better off.

The CEPR also found that people who were renting homes in 2004 will have more wealth in 2009 than those who were owners. That's true for all five wealth groups the study analyzed, from the poorest to the wealthiest.

"The collapse of the housing bubble, which led to the current recession, has already destroyed almost $6 trillion dollars in housing wealth for homeowners," said report co-author Dean Baker. "This reality is compounded by the recent collapse of the stock market. Many baby boomers will only have Social Security and Medicare to rely on in their retirement."

Boomer wealth is evaporating - Feb. 25, 2009

 

[Baja28]

Depending on which comps you use, roughly $1K per month, and that’s not including maintenance/upkeep.

Negative! 100% of 0 is 0.

Boomer wealth is evaporating - Feb. 25, 2009

Do you read the tripe you post?? 30% made bad decisions (you're included) yet 70% of us made good decisions (you're excluded).

The answer to this equation...... I own a home, you make your landlord rich and own nothing. Enjoy!

 

[bcp]

Im doing ok.
my mortgage is staying the same, not increasing with the economy.
the way I see it, I could be paying more for something that Im not getting any equity from.

I seriously feel sorry for the renters in this economy. at least my housing cost will stay even, rent however, is going to have to go up in order for the landlords to make end meet.

 

[somdrenter]

Negative! 100% of 0 is 0.



Do you read the tripe you post?? 30% made bad decisions (you're included) yet 70% of us made good decisions (you're excluded).

The answer to this equation...... I own a home, you make your landlord rich and own nothing. Enjoy!

 

[somdrenter]

I seriously feel sorry for the renters in this economy. at least my housing cost will stay even, rent however, is going to have to go up in order for the landlords to make end meet.

Actually, quite the opposite is happening. Home sales are abysmal and more sellers are turning to rentals. More rentals on the market create downward pressure on rental prices.

 

[Baja28]

Pretty funny huh? Your landlord thinks so.

Actually, quite the opposite is happening. Home sales are abysmal and more sellers are turning to rentals. More rentals on the market create downward pressure on rental prices.

WOO HOO!!! Shop around Renty ole boy!! Might find ya self a better deal to throw your money away on... So the landlords don't make quite as much money.... They're still depositing your check every month!!

 

[Larry Gude]

Depending on which comps you use, roughly $1K per month, and that’s not including maintenance/upkeep.

So, if you stop renting, you get $1,000 a month back? For how long? Maybe I've got this renting business all wrong.

 

[BoyGenius]

Keep Pumping Shills

"The test also assumes housing-price declines of 14 percent this year and 4 percent in 2010 as a baseline case. The more adverse possibility would see drops of 22 percent and 7 percent, respectively."

Bloomberg.com: Worldwide

 

[BoyGenius]

So, if you stop renting, you get $1,000 a month back? For how long? Maybe I've got this renting business all wrong.

Larry, give us some hard numbers. Say some retard read this thread back in October of 2007, took the advice, and bought one of those pre-fab trailers in San Souci for $170k. How much are they down now?

And don't hit me up with that "they've lost nothing till they sell' garbage, we're talking mark to market accounting here.

 

[DoWhat]

Larry, give us some hard numbers. Say some retard read this thread back in October of 2007, took the advice, and bought one of those pre-fab trailers in San Souci for $170k. How much are they down now?

And don't hit me up with that "they've lost nothing till they sell' garbage, we're talking mark to market accounting here.

And if they didn't buy, they would have what? (not talking about the pre-fab trailers)
If somebody can afford to buy, rather than rent, they will be better off.
Depending that they do not want to move within the next 5 years.

 

[BoyGenius]

And if they didn't buy, they would have what? (not talking about the pre-fab trailers)
If somebody can afford to buy, rather than rent, they will be better off.
Depending that they do not want to move within the next 5 years.

Well, they wouldn't have $60k of negative equity around their neck, now would they?

 

[Baja28]

Well, they wouldn't have $60k of negative equity around their neck, now would they?

But if they are planning on staying, they now own a home. A renter has nothing.

 

[DoWhat]

Well, they wouldn't have $60k of negative equity around their neck, now would they?

Why would they have 60k of negative equity?

 

[BoyGenius]

Why would they have 60k of negative equity?

My bad, make that $70k, more when you tack on the sales commission and transfer fees.

45943 SHIELDS CT SAN SOUCI CALIFORNIA MD - HomesDatabase

45943 Shields Ct.

By the way, that listed price amount is $12k under it's 2003 sales price.

We'll check back in five years on this one and see who we get to label a dumbass.

 

[DoWhat]

My bad, make that $70k, more when you tack on the sales commission and transfer fees.

45943 SHIELDS CT SAN SOUCI CALIFORNIA MD - HomesDatabase

45943 Shields Ct.

By the way, that listed price amount is $12k under it's 2003 sales price.

We'll check back in five years on this one and see who we get to label a dumbass.

Do you have a mortgage, or do you rent?