01-26-2017, 12:26 PM
(01-26-2017, 12:21 PM)danbrotherston Wrote: What MidTowner says is absolutely correct. How many bankrupt homeowners in the US would have preferred to have been better off renting.
On the other hand, the whole "you're paying someone else's mortgage" argument should not carry any weight. Who cares?! Why do you care what someone else is doing. Why do you care that your housing choices are enriching someone else? Is the name of the game (of life) to prevent others from succeeding? Does that help you in any way? This makes no sense to me. If you prefer to rent, if that's the best option for you financially, for your priorities, for your risk tolerance, then what do you care what anyone else does. If buying is an option for you, and fits your goals, plans, and abilities, then do that. Suggesting that someone should do one or the other, because otherwise someone else owns property should not be convincing. People seem far too concerned with what others are doing or living.
Exactly...who cares who owns and who rents...Still people living in the core, and that is the ultimate goal !!!