On 23 Feb 2013
in
How many bears could actually afford a house in their market..,
Scagnetti said:
I don't think I'm a housing bear; maybe more of a rebelling against the branded "American Dream" type.
Sure, I have enough cash to purchase a house by simply writing a check; but that's not appealing to me. Why be tied down to one place when there is so much to do, and so many places to see? Why be a slave to the home as the owner, when I can be the master as a renter?
No shoveling snow in the winter, or cutting grass in the spring and summer; raking leaves in the fall is nonexistent, and maintenance is just a phone call away for any problems. No more long commutes to work; just a mere 3 miles down the road, and I'm in walking distance to grocery stores, retail shops, restaurants, and bars. Any future problems, and it's 30 days notice and I'm gone to somewhere more suited to my liking.
Whether a property appreciates a little, or doesn't, or loses value is inconsequential to me. I have other avenues for "investments".
