Quote:
Originally Posted by hmmhmmcamo
huh? That doesn't make any sense. It is cheaper to rent right now, so that's why some people are not buying.
Red said: in a normal market renting is more expensive than ownership or at least close to break even.
You said: Not sure which normal market you are in...stunnedface.jpg
I thought your comment was implying that what Red said isn't true. Sorry if I misunderstood.
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No you were bang on. Who in their right mind would rent if it was cheaper to own? That is the definition of throwing money away and you can "flower" it up with presonal choices ect. all you want
Bottom line when someone (owner) who is retiring and has their house paid off with no mortgage, and another person who will be paying that same amount (probably more) until they die.
Who do you think the "winner" is as Red likes to say?