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re: Home Ownership: thoughts?
Posted on 3/26/14 at 2:59 pm to UMTigerRebel
Posted on 3/26/14 at 2:59 pm to UMTigerRebel
For anyone interested this guy does a 4 part video series explaining why buying is not always better than renting. It's somewhat over simplified but it makes the point. Buy vs. Rent
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Posted on 3/26/14 at 3:01 pm to UMRealist
I live in a college town. Rent rates are absolutely absurd. Our monthly payment for an equal-sized home would be about 4-5 times higher. Not exaggerating.
Posted on 3/26/14 at 3:06 pm to genro
I think it's the exact opposite in Oxford. I use to think rent rates were high there until I moved to Jackson and they are twice as high and they don't include any utilities or even a washer and drier. I think property values here are cheaper as well bc the supply is obviously a lot greater as a whole.
Like the guy in the video says, it really just depends on the circumstances and what you get when you run the numbers.
Like the guy in the video says, it really just depends on the circumstances and what you get when you run the numbers.
This post was edited on 3/26/14 at 3:09 pm
Posted on 3/26/14 at 3:09 pm to Slippery Slope
He's probably never owned a decent home. And living in a trailer just doesn't give one a good perspective on home ownership! : 
Posted on 3/26/14 at 4:23 pm to InVolNerable
quote:
Because he can't afford it.
I own a house. I don't know that I wouldn't rather rent one where I live. Not the liveliest real estate market.
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