patrick.net

dodgerfanjohn says

No on with $100k down is buying an 1120 sq ft condo in an apartment lined neighborhood. I'm positive it will be empty units purchased all cash by people who don't live in the US.

But all cash are pulling out already, so now nobody will be buying them.

CDon says

Analyzer says

One clear advantage that the renters have is not having to deal with the mental anguish of: when is the right time to buy or sell, will I be priced out of the market forever, competing against multiple bids, generational low interest rates, and all the other nonsense surrounding the real estate market.

Personally I would choose the less stress route.

There is a certain irony in your comment in that you basically described the vast majority of renters here on Pat.net

Don't get me wrong, there are some people who are truly happy with renting as a lifestyle choice, and I think that is great (I wish more people did that). However, not a single one of those people is here. Those people who truly do not care about owning are out living their lives without a care about what home prices are doing.

Good point. The problem may be that housing has become too focused on the investment rather than the basic necessity.

@donjumpsondicks, u are right. Your way is the best. Enjoy your room that you rent, lol, for the rest of ur life. You can leave the rented room to your loved ones if you have any when you pass away. Maybe, just maybe, the social security will cover part of your rent when ur old and broke while I'm JUMPING from house to house which of all will be paid off. :) sounds like a great life donjumpsalloverdicks

Bm05211983 says

When you have 15 of them you Can move anywhere

So you're a manager of 45 toilets? Yawn. We have several of these here and none of them can afford to quit their 9-5 and "move anywhere", let alone expensive place like Hawaii.

CaptainShuddup says

I don't get this argument, what is your ultimate end game?

Retire with enough income so you don't need to be a slave. If renting is cheaper than owning then rent. Which is what people should be doing in the SFBA at this point. In the last 10 years I have saved enough so the dividend payments from stocks are enough to cover my rent. To me that is pretty much the same as owning a home. In 10 years you can be rent free if you play the game correct. Not the traditional 30 that banks want you to believe.

Most people on here are fine with adding the unnecessary extra 20 years or so of payments, because they all subscribed to the greater fools theory. Unfortunately, that theory has a very bad ending for many that play it too long. SFBA housing is really a giant ponzi scheme at this point and many good people will get seriously hurt again. Sad, so sad.

RentingForHalfTheCost says

SFBA housing is really a giant ponzi scheme at this point and many good people will get seriously hurt again. Sad, so sad.

Your not fooling anyone here. You would dance and laugh if "good people" got "hurt again".

rooemoore says

RentingForHalfTheCost says

SFBA housing is really a giant ponzi scheme at this point and many good people will get seriously hurt again. Sad, so sad.

Your not fooling anyone here. You would dance and laugh if "good people" got "hurt again".

Couldn't be more from the truth. I spend my life fighting for the good people. Mean and greedy people can go to hell.

When I was in high school, I thought I would end up an intellectual, living in a $200 a month rent controlled apartment on Manhattan's Upper West Side.

That didn't happen.

jojo says

@JH

I doubt he really is a landlord. Someone who legitimately owns and operates a property business would not talk this way.

Your right...............he sounds like someone recently bought in the biggest speculative bubble market there is and has recently realized that he is SCREWED...............all the housing bulls are starting to realize this and are running out of justification for this fake market. Even the most manipulated housing and economic data is looking grim ....so don't go away mad like Roberto, just go away : )

You sound like someone who will be a renter forever :)
Now run off and play little boy

A 2012 report by the Iowa Finance Authority found that young adults between the ages of 25 and 34 formed more new households in Iowa than any other age group in the decade. But they aren’t buying new houses – the majority of them are renting.

“This is a generation that’s moving into apartments,” Culkin said. “This is a phenomenon that is going to continue to increase.”

http://thegazette.com/2014/02/20/apartment-rents-in-eastern-iowa-rising-as-demand-continues-to-grow/#ixzz2u5GS1YlC

Buying a home is obsolete.

he was not banned, just quit.

roberto realized that there is no valuable information from this forum and he left. this was my first and last thread and it was titled for the majority of the idiots on here. A bunch of broke left winged democrats that will rent forever. Peace out little ones and OBUMMMMMMMMMMMMMMER lovers

he was not banned, just quit.

You banned him after he returned though, didn't you?