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  •  I don't get this antipathy to owning a home (4+ / 0-)
    Recommended by:
    Calamity Jean, Smoh, RUNDOWN, Krypto

    By people who aren't trying to make big money from rentals. If you buy, your money goes toward ownership and eventually you have an asset. We were able to retire at a younger age because we have paid off the mortgage and aren't paying a bunch of rent.  We are able to pass this asset on to our children, or sell it and use it for nursing home care (hopefully not).

    Renting is paying someone else and allowing them to make money from the home you live in instead of building equity yourself. And they can kick you out if you put holes in the walls or don't keep up the yard. I don't see why that is better.

    Be bold. Be courageous. Americans are counting on you. Gabby Giffords.

    by Leftleaner on Sun May 04, 2014 at 01:38:27 PM PDT

    [ Parent ]

    •  20% down payments ... (1+ / 0-)
      Recommended by:
      Creosote

      Overvalued real estate, the uncertainty of future value, burned credit, job availability, job security, jobs requiring frequent relocation, fear of predatory brokers, disdain for banks in general, the housing crash, etc ...

      More and more these days simply have no choice but to lease/rent.

      “Those who can make you believe absurdities, can make you commit atrocities.” ... Voltaire

      by RUNDOWN on Sun May 04, 2014 at 05:36:13 PM PDT

      [ Parent ]

      •  Yes, sometimes it isn't a choice (1+ / 0-)
        Recommended by:
        penelope pnortney

        That people can or should make. But I've read a couple of comments here, including the one above, that indicate that home ownership is bad for people, and a way for the rich to rip people off.  I see rent as less desirable because you never get to own.

        Be bold. Be courageous. Americans are counting on you. Gabby Giffords.

        by Leftleaner on Sun May 04, 2014 at 05:50:53 PM PDT

        [ Parent ]

    •  Some people would rather someone (0+ / 0-)

      else to do the repairs and up keep. Some people can't afford to buy and don't have the money for repairs and upkeep. With the prices of everything going up except wages people are being priced out of home buying.

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