76 percent believe renting better option than homeownership

catherine at 02:53 2010-05-29 said:

they know what is coming, triple taxes and triple insurance payments........both the government and insurance companies are broke......so you will have a little subprime FHA prin balance and HUGE tax and insurance payments and don't forget that energy inspection fee to keep you up to date and keep the government telling you what are acceptable and unacceptable appliances in your home.

also the values are still falling like chainsaws (wait until those basement foreclosures hit the market)

also the experts keep waiting for the market to come back and act like the 21 million unemployed will buy again, probably not. they either lost their homes or had such a bad experience selling it they are toast.

the baby boomers and gen xrs, (that is about 35% of the buying marke)t.........gone..............and ahem.........with the spill and cut off of drilling for the future you must add all those workers to unemployment AND the residents of 3 states that work on the water............i said unemployment is 21 million now and it would be 50 million by christmas, think with those new add-ons we are right on track............... Permalink

SubPrimeTime at 03:14 2010-05-29 said:

I have 4 rentals, this is good news. My vacancies have been limited and I get to up the rent a little when there have been vacancies.

Why it's better to rent...for some it's just a matter of getting their monthly obligations in line with their income.

But if they can get into a home for similar to what rent would be I'm finding that it's working out for them to purchase.

Tony Permalink