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re: Renting vs owning
Posted on 4/8/13 at 8:26 am to Siderophore
Posted on 4/8/13 at 8:26 am to Siderophore
There are many good points being made in this thread. However, the point is that housing is a cost we all incur, and right now is the best time to borrow. You will probably never see these rates again in your lifetime. Its simply too cheap to borrow for someone to keep renting (if they had enough to make a reasonable down payment).
Im not a fan of no money down loans, if you had to get out of the house, you will probably lose money in a no money down mortgage.
Im not a fan of no money down loans, if you had to get out of the house, you will probably lose money in a no money down mortgage.
1
Posted on 4/8/13 at 8:42 am to Bear Is Dead
quote:
There are many good points being made in this thread. However, the point is that housing is a cost we all incur, and right now is the best time to borrow. You will probably never see these rates again in your lifetime.
This does not necessarily mean the CBA for owning vs. renting is in owning's favor. It just means that right now the cards are stacked so that owning has some variables playing in its favor.
quote:
Its simply too cheap to borrow for someone to keep renting (if they had enough to make a reasonable down payment).
You cannot make this statement as a fact. There are too many variables.
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