Quote:
Originally Posted by SumAznGuy
No, I think you are thinking of Gridlock and Dinosaur.
4444 was a finance guy. Re-reading some of his comments, he wasn't wrong per se about fundamentals, but the world has really changed.
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The key fundamental that changed from 10 years ago was rent prices relative to housing prices was much lower back then. That in conjunction with a possible drop in the housing market did make sense back then.
However over the years rent prices went way up and housing never really dropped significantly, which made rent+invest a less effective strategy than putting it into a down payment and paying a mortgage.
Would be interesting to do a historical calculation of rent + invest in sp500 vs Vancouver housing prices and see which ends up on top.
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Quote:
Originally Posted by skyxx
Sonick is a genius. I won't go into detail what's so great about his post. But it's damn good!
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