 Nation of Renters (by Robin [WI]) Oct 20, 2018 8:38 AM
 Nation of Renters (by Oregon Woodsmoke [ID]) Oct 20, 2018 8:41 AM
Nation of Renters (by Landlord ofthe Flies [TX]) Oct 20, 2018 1:04 PM
Nation of Renters (by fred [CA]) Oct 20, 2018 6:58 PM
Nation of Renters (by Frank [NJ]) Oct 21, 2018 11:31 AM
Nation of Renters (by Robin [WI]) Posted on: Oct 20, 2018 8:38 AM
Message:
Interesting article in the WSJ:
www.wsj.com/articles/big-jump-in-americans-saying-renting-is-cheaper-than-owning-1539705295
--204.210.xxx.xxx |
Nation of Renters (by Oregon Woodsmoke [ID]) Posted on: Oct 20, 2018 8:41 AM
Message:
Let's hope that belief spreads. That will increase the pool of tenants and maybe increase the pool of responsible people who rent instead of buying. --174.216.x.xxx |
Nation of Renters (by Landlord ofthe Flies [TX]) Posted on: Oct 20, 2018 1:04 PM
Message:
Honestly, I believe it is cheaper. When you own a home, you tend to buy larger than you would renting, you tend to do a lot of remodeling projects, upgrades, repairs, maintenance, and taxes. If you add all the money spent on a house vs rent, plus renting a smaller place like an apartment, has cheaper utilities and no maintenance costs, upgrade costs, or taxes.
I owned rentals as early as my 20s, but I still rented an apartment well into my 30's, until I got engaged. Besides the fixed costs, I liked the freedom to move closer to my job as my job locations changed every so often. --108.69.xxx.xxx |
Nation of Renters (by fred [CA]) Posted on: Oct 20, 2018 6:58 PM
Message:
When I was buying (mostly back in the 80s) - home prices were lower (indexed and adjusted for inflation), but interest rates were higher (9% and higher, as much as 21% in 1982 - does anyone remember that?).
After the mortgage crisis, home prices were lower, interest rates were lower, but banks were not lending.
Early in 2018, home prices were higher, interest rates were lower - true seller's market.
Now, prices are high, interest rates are going up, seller's market is fading - many would be first time homeowners are choosing renting over buying. This will lead to a strong LL's market and will drive rents higher, regardless how many cities turning rent controlled. --99.59.x.xxx |
Nation of Renters (by Frank [NJ]) Posted on: Oct 21, 2018 11:31 AM
Message:
Quit some years ago we met a couple who were from Europe, England I think. They told us that most people were renters because as the centuries went by, properties were owned by fewer and fewer people as they were passed to heirs & trusts as time went by. Many cities have been built out over decades & decades & new housing may not be too plentiful. Sound right? --173.70.xxx.xxx |
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