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re: Renting vs owning
Posted on 4/8/13 at 8:42 am to Bear Is Dead
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.
1
Posted on 4/8/13 at 11:00 am to lynxcat
quote:
You cannot make this statement as a fact. There are too many variables.
I understand your point, but lets assume that everyone eventually would prefer to own. I would assume that no one wants to be a renter for their whole life. With that assumption, this is unquestionably the best time to buy that we will probably ever see.
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