Quote:
Originally Posted by Alby
but at the end of the day, guess what? you are only renting and have no house attached to your name while Z3guy does. you keep paying and paying and paying and paying but you still have nothing. why keep paying and not own?
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This thread is up here.....
your head is somewhere down here.
While I don't always agree with 4444 and his delivery, you are sorely mistaken to believe that because he rents he has nothing. I'd rather have a 100k (or I'm sure lots more in 4444's case) invested in higher amassing investments and rent than have a place than have all of that tied up in my home in a dangerous market with all the costs associated with having a home. I pay nothing when something breaks, I pay no condo fees, no taxes, no hundreds of thousands of interest over the years, etc. I've been on both sides and this is what is right for me right now. If you think owning a home (which 99% of people say they own, but the bank actually owns it) equates to success then you are blind. As said by most intelligent people in this thread, renting or owning are both options that can be the right one financially for people depending on lifestyle and understanding of their finances.