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Seven reasons why it's better to rent than buy a home; Right now, renting is actually better than owning
Topic Started: 16 Jul 2015, 02:34 PM (5,305 Views)
Ex BP Golly
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The Whole Truth
28 Jul 2015, 10:25 AM
It certainly makes sense in many cases since home values have gone nowhere in 7 years. Why pay hundreds of thousands in interest for an asset going nowhere.
Because it gives you a warped sense of achievement and purpose.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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The Whole Truth
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Yes that's it by Golly, that and a muted bragging right at the BBQ party. Back in the early 2000's everyone wanted to talk about the "investment property" but it's topic-non-grata these days :lol
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
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Trollie
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You certainly wouldn't want to talk about that gold you paid $1500/oz for.
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The Whole Truth
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Trollie
16 Jul 2015, 07:47 PM
Clem is 33 and still living in share houses. I wonder at what point she will panic?

Probably when she stops pretending there's more personal freedom in a share house and admits that roomies are a fucken pain in the arse.
Not everyone is an angry little toad like you timmy. Most people have friends, enjoy a little company, some like having friends real close.

You must have had a friend once? No? Oh well, perhaps in your next life you'll come back as an earth worm and be popular with all the magpies and kookaburras
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
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Admin
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Five reasons why I'll happily return to renting
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The Whole Truth
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That article sums it up Alex, it doesn't even have to state the obvious, that if you don't already own outright or have a lot of equity in your home you are much wiser to wait and save.
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
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