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El Pinko (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 10:21 AM Original message |
Rent Vs. Buy: Myths That Ruined the Housing Market |
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mkultra (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 10:26 AM Response to Original message |
1. disagree |
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papau (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 10:48 AM Response to Reply #1 |
12. true - else Rent Vs. Buy Myth #2 is that landlords are better off with low rents than w/ holding out |
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Kashka-Kat (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 10:54 AM Response to Reply #1 |
14. It depends on where you live and what exactly is going on |
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conspirator (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 01:29 PM Response to Reply #1 |
50. If you have to borrow money to buy then you are renting money from the bank |
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Greyhound (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 11:52 PM Response to Reply #50 |
55. Bingo. |
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mdmc (1000+ posts) Send PM | Profile | Ignore | Thu Feb-14-08 05:08 AM Response to Reply #50 |
63. now i get it |
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Lorien (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 11:46 PM Response to Reply #1 |
54. Yep. Plus, over ten years the price of my former rentals now exceeds the |
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mkultra (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 10:27 AM Response to Original message |
2. on taxes |
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ProfessorGAC (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 10:28 AM Response to Original message |
3. Sorry, Can't Buy All Of This |
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Buzz Clik (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 10:33 AM Response to Reply #3 |
5. Myth 3 has me mythtified. |
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Gormy Cuss (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 01:15 PM Response to Reply #5 |
48. Two ways that Myth # 3 is true. |
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mkultra (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 10:35 AM Response to Reply #3 |
7. i disagree |
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ProfessorGAC (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 11:25 AM Response to Reply #7 |
24. A Low Risk Bond Is STILL A Better Investment |
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El Pinko (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 10:50 AM Response to Reply #3 |
13. It's an issue of interest - wouldn't say hot button. |
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DadOf2LittleAngels (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 11:54 AM Response to Reply #13 |
37. Well there is the problem |
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Buzz Clik (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 10:28 AM Response to Original message |
4. Truth: If you spend more than you earn, you'll be in financial trouble soon. |
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ihavenobias (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 11:31 AM Response to Reply #4 |
28. Well, that applies to the VAST majority of Americans! |
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Greyhound (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 11:59 PM Response to Reply #28 |
56. The whole American economy would collapse, and with it the world's, |
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TooBigaTent (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 10:34 AM Response to Original message |
6. A lot of truth to the myth-busting, except that in many circumstances, it is |
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El Pinko (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 10:39 AM Response to Reply #6 |
10. Mortgage payments on starter homes in the SF Bay area are $2500 and up... |
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DadOf2LittleAngels (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 11:57 AM Response to Reply #10 |
38. Condons can be a good investment |
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El Pinko (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 12:45 PM Response to Reply #38 |
44. There is no such thing as "reasonable price" in SF Bay area at present. |
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DadOf2LittleAngels (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 02:29 PM Response to Reply #44 |
51. San Fransicso is *not* the nation as a whole... |
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El Pinko (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 10:22 PM Response to Reply #51 |
52. I Live in El Paso now, which is very cheap, and I understand that... |
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NuttyFluffers (1000+ posts) Send PM | Profile | Ignore | Thu Feb-14-08 02:46 AM Response to Reply #44 |
57. sweet jesus! under 1/2 a mil for 3K sq ft in Redwood City? what a bargain! |
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MadHound (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 10:37 AM Response to Original message |
8. Sorry, but you're wrong, especially on Point 1 |
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LiberalFighter (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 10:58 AM Response to Reply #8 |
16. What are the costs of moving each time under the rental plan? |
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Historic NY (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 10:38 AM Response to Original message |
9. The big problem is people who had champagne tastes and.... |
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dmallind (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 10:43 AM Response to Original message |
11. What tosh! |
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Lex (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 11:08 AM Response to Reply #11 |
19. Yes, renters are buying the house for the Landlord. |
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ihavenobias (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 11:13 AM Response to Reply #11 |
21. I have to disagree that renting is always more expensive |
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dmallind (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 11:27 AM Response to Reply #21 |
25. Exceptions no doubt exist - but missed a few things. |
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ihavenobias (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 11:50 AM Response to Reply #25 |
34. Those are good points! |
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readmoreoften (1000+ posts) Send PM | Profile | Ignore | Thu Feb-14-08 04:33 AM Response to Reply #11 |
61. My parents paid $80K for a house that's now worth $250,000 |
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JeanGrey (1000+ posts) Send PM | Profile | Ignore | Thu Feb-14-08 04:44 AM Response to Reply #61 |
62. Agreed. Renting is throwing away money, period. |
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PRETZEL (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 10:57 AM Response to Original message |
15. Too many variables to really dispel or validate these myths, imho |
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Lex (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 11:01 AM Response to Original message |
17. I'm happy with my equity increase of nearly $100K on my house. |
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penguin7 (962 posts) Send PM | Profile | Ignore | Wed Feb-13-08 11:08 AM Response to Original message |
18. There should not be a tax benefit for owning |
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El Pinko (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 11:30 AM Response to Reply #18 |
26. Prop 13 in California should be repealed, but the deduction for mortgage interest is forever. |
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penguin7 (962 posts) Send PM | Profile | Ignore | Wed Feb-13-08 11:35 AM Response to Reply #26 |
29. You are probably right, Ingrained stupidity like so much of the USA. |
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El Pinko (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 11:38 AM Response to Reply #29 |
31. I'm not really opinionate on the matter. If and when I buy, that will probably change... |
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gollygee (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 11:12 AM Response to Original message |
20. It probably largely depends on where you live |
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dmallind (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 11:15 AM Response to Reply #20 |
22. Last point is a good one |
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ihavenobias (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 11:22 AM Response to Original message |
23. IMO a lot of owners are (understandably) defensive about these issues |
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dmallind (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 11:31 AM Response to Reply #23 |
27. No it's just frustration at idiocy |
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ihavenobias (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 11:42 AM Response to Reply #27 |
33. I gotta be honest, I'm not buying it |
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dmallind (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 11:50 AM Response to Reply #33 |
35. Oft repeated on DU specifically |
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ihavenobias (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 12:15 PM Response to Reply #35 |
40. I guess I haven't been here long enough to know what you mean |
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Johonny (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 11:38 AM Response to Original message |
30. great stuff |
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High Plains (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 11:39 AM Response to Original message |
32. Bubbles rents a shed. |
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DadOf2LittleAngels (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 11:51 AM Response to Original message |
36. I disagree and here is why. |
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Warpy (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 12:05 PM Response to Original message |
39. This article is spot on |
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ordinaryaveragegirl (853 posts) Send PM | Profile | Ignore | Wed Feb-13-08 12:25 PM Response to Original message |
41. Know your area, and get a fair price... |
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ihavenobias (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 12:40 PM Response to Reply #41 |
42. Progressive in Kansas? |
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ordinaryaveragegirl (853 posts) Send PM | Profile | Ignore | Thu Feb-14-08 11:52 AM Response to Reply #42 |
64. Brownback is retiring next year... |
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SemiCharmedQuark (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 12:44 PM Response to Original message |
43. What a steaming pile. I pay rent and I feel like I'm getting duped every month |
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El Pinko (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 12:48 PM Response to Reply #43 |
45. Someone who lives in a bubble area. |
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SemiCharmedQuark (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 12:51 PM Response to Reply #45 |
46. That's true. |
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DireStrike (1000+ posts) Send PM | Profile | Ignore | Thu Feb-14-08 04:02 AM Response to Reply #43 |
59. I'll tell you who wrote it |
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Lydia Leftcoast (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 01:07 PM Response to Original message |
47. I don't consider renting "throwing money away" any more than I consider |
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petronius (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 01:19 PM Response to Original message |
49. The renting vs. buying arguments assume that a person would rent the same |
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ileus (1000+ posts) Send PM | Profile | Ignore | Wed Feb-13-08 11:21 PM Response to Original message |
53. I'll never rent shit again....I loved getting woke up all the time. |
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DireStrike (1000+ posts) Send PM | Profile | Ignore | Thu Feb-14-08 04:00 AM Response to Original message |
58. Myth #1 LOL |
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readmoreoften (1000+ posts) Send PM | Profile | Ignore | Thu Feb-14-08 04:21 AM Response to Original message |
60. This article is just plain delusional. Do NOT take heed. Get REAL advice. |
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