13rin wrote:
Jay wrote:
Worst ee chats ever.
I know you haven't refuted my renter post.
Sure I did. You've bought into the 'American Dream' marketing the real estate business has pushed for the last century. There are very few people buying makes sense for:
1) Those that are buying property in order to rent it out or work it for profit in some other manner.
2) Those that are geographically tied to an area because they own a business.
3) Those that can expect to have lifetime employment as a public sector worker.
or
4) You can buy at well below market value.
If you, like me, don't fall into those categories, buying makes no sense. You end up paying for a house approx three times over the course of a thirty year mortgage. In all cases taking the money you save by paying rent vs paying a mortgage nets you a greater profit in the long run.
You're telling me I should buy a house when it means I would have to pull money out of the funds I have designated for investment. My stock portfolio is up 70% in the last year, is your house?