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Happy Renters

Started by Rhino86
over 16 years ago
Posts: 4925
Member since: Sep 2006
Discussion about
Oh now the downside of owning. This doesn't even mention the possibility of losing money. Beginning of a trend toward a balanced appraisal of owning/renting....one that ends in revulsion toward owning circa 2011, once the horror stories multiply and some hit close to home? http://www.nytimes.com/2009/09/13/realestate/13HUNT.html
Response by trekker
over 16 years ago
Posts: 1
Member since: Sep 2009

revulsion toward owning

?

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Response by Rhino86
over 16 years ago
Posts: 4925
Member since: Sep 2006

When people look at cycles, the often refer to the euphoria of the peak and the revulsion of the trough. In 1992, the idea of owning was basically revulsion stage... Much like the stock market bottom of 1982, when it was trading at the 1960s peak... The basic idea being that the asset class is just a bad idea. The converse was stocks in 1999 - they were the way to get rich or real estate in 2007, it was the best investment you could make.

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Response by Squid
over 16 years ago
Posts: 1399
Member since: Sep 2008

Rhino--did you ever find a place?

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