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when peopl e pay more for condo than rental

Started by Riversider
almost 16 years ago
Posts: 13573
Member since: Apr 2009
Discussion about
A website just posted the story of someone who was paying a mortgage on a place that wasn't as nice as the place he or she decided to rent. of course sunk costs are sunk costs, but why do people buy units like this in the first place? Do folks not engage in RENT VS BUY analysis? But in many ways, the apartment we rented at XXXXXXXXX was nicer than the one we sold.
Response by aboutready
almost 16 years ago
Posts: 16354
Member since: Oct 2007

stoopid. rents were very high in 2000, and I'm fairly certain pcv wasn't yet offering renovated units for rent. try again. keep trying, over and over and over. obsessed much?

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Response by aboutready
almost 16 years ago
Posts: 16354
Member since: Oct 2007

why do you keep visiting BU? you don't already have enough sites on your daily viewing list to misquote from?

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Response by alanhart
almost 16 years ago
Posts: 12397
Member since: Feb 2007

Tragique

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Response by aboutready
almost 16 years ago
Posts: 16354
Member since: Oct 2007

what was the rent/buy analysis when you bought on RSB in 2007, rs?

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Response by Riversider
almost 16 years ago
Posts: 13573
Member since: Apr 2009

wrong!

but when i did buy it was VERY FAVORABLE

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Response by columbiacounty
almost 16 years ago
Posts: 12708
Member since: Jan 2009

of course.

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Response by aboutready
almost 16 years ago
Posts: 16354
Member since: Oct 2007

sure it was. give us the numbers, rs. oh hell, forget it, you lie constantly. it's not like we could believe them or you.

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Response by UWSFamily
almost 16 years ago
Posts: 60
Member since: Apr 2010

Perhaps they think of it as buying a cheap option on the real estate market. If the real estate appreciates more than the extra cost to buy, then there you go. Not saying it's a smart investment, but that's probably the thinking.

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Response by aboutready
almost 16 years ago
Posts: 16354
Member since: Oct 2007

uwsfamily, since rs has already alluded to the piece, here is what he is referring to and trying to deride.

http://www.brickunderground.com/blog/2010/11/inside_story_my_temporary_transition_from_owner_to_renter

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