Should you rent, or should you own? » OC Housing News

By golfplan18   Follow   Sat, 10 Nov 2012, 7:27am   725 views   2 comments
In Irvine CA 92620   Watch (0)   Share   Quote   Permalink   Like (1)   Dislike

Renting versus owning is both an intellectual decision and an emotional one. The intellectual decision is first and foremost a financial analysis of the comparative cost of renting versus owning. The cost of a rental can be determined fairly easily as there are usually a number of comparable properties on the market to establish a realistic rental rate for any given property. Of course, it is easy to justify in one’s mind a comparative rent that is higher than the market will bear. A house someone is in love with will almost certainly rent above market in their minds. Also...

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    1   8:23am Sat 10 Nov 2012   Share   Quote   Permalink   Like (2)   Dislike  

    This idea of rent vs. buy is becoming antiquated due the current mass takeover of the government and banks. The new question is....(wait for it).....

    Which do want for your landlord?

    A. mr. Hedgy

    B. mr. Fha

    C. uncle sam

    D. mr. Banky

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    2   3:38pm Mon 12 Nov 2012   Share   Quote   Permalink   Like (2)   Dislike (1)  

    Darrell In Phoenix says

    Why buy when renting is half the monthly costs of buying at current inflated aksing prices of resale housing?

    Why? They do it for one of three reasons or all three combined.

    1. They THINK without a doubt they are going to make big money by buying (always FOOLISH.)
    2. They bought into the bullshite (always FOOLISH.)
    2. Because a fool and their money are soon parted (as the old saying goes.) (FACT.)

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