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And for the record, renting doesn't suck.
Ha! I'm wondering when it will become the thing to start spamming such comments with Landlords are Liars.
For me, renting is a means of wealth preservation. As a control freak who's sensitive to his surroundings, that's the best argument I can make for renting over owning.
if they took out equity on their home during the bubble days and invested it all into Apple stock then they made a killing
LOL, they didn't buy AAPL with it, they squandered it on Pergo floors, stainless steel appliances, granite countertops, and a tropical vacation.
RentingForHalfTheCost
2012 May 17, 6:20am
Sure i missed out on the 2017 absolute bottom.. But you have something to sell in 2030.. vs. nothing to sell as a renter.
Except all the stocks and bonds you accumulated over the years. Enough to buy two or three houses with cash.
RentingForHalfTheCost
2012 May 17, 6:24am
if they took out equity on their home during the bubble days and invested it all into Apple stock then they made a killing
LOL, they didn't buy AAPL with it, they squandered it on Pergo floors, stainless steel appliances, granite countertops, and a tropical vacation.
Not to mention paying of the ballooning credit cards and getting that new motorcycle and ski boat. Oh, and that overpriced 1 month vacation in Europe. All while their salaries just barely beat inflation. Can you see the bubble? Nah, forget it.
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I have a rental property where the tenants are paying around $3k per month in rent. Which was a bit high when they signed a year ago but now based on my research of going market rents it's actually a bit low! I'm fairly confident that I could increase the rent 10% and have it rented in a month.
They are good tenants
I'm not trying to be greedy just need to stabilize my cashflow.
It's a good area generally so finding good tenants is not a problem.