This is seemingly a clear, concise bit of wisdom; but, it is amazing how many able-to-own singles, in their 30s, are finding renting more convenient. It is impossible to get them to see the zero value of paying for someone else to own something.
Bottom line: If you can afford to buy, for most, it's worth any risks one might associate with buying. Most people say they own their home; but, anytime you have a mortgage you are really renting-to-own until you get the paid-off papers.
Peace.
Thank you! You make some very good points! Unfortunately at least for now the system is truly rigged against the renter (IRS) and the majority of rentals are owned by corporate America . As my mother used to say they want to get you down and keep you down! It might feel secure and cozy renting now but it want Last!
They're mostly owned by corporate America now, but they weren't prior to 2008, unless you are determining who holds the loans, then of course, it's owned by corporate America. I have 3 properties that are paid off. I will be consolidating them soon to buy a house outright in Southern California...it can be done!
It sure is ! But if your in it for the long term buying is still better than renting!
This is seemingly a clear, concise bit of wisdom; but, it is amazing how many able-to-own singles, in their 30s, are finding renting more convenient. It is impossible to get them to see the zero value of paying for someone else to own something.
Bottom line: If you can afford to buy, for most, it's worth any risks one might associate with buying. Most people say they own their home; but, anytime you have a mortgage you are really renting-to-own until you get the paid-off papers.
Peace.
Thank you! You make some very good points! Unfortunately at least for now the system is truly rigged against the renter (IRS) and the majority of rentals are owned by corporate America . As my mother used to say they want to get you down and keep you down! It might feel secure and cozy renting now but it want Last!
They're mostly owned by corporate America now, but they weren't prior to 2008, unless you are determining who holds the loans, then of course, it's owned by corporate America. I have 3 properties that are paid off. I will be consolidating them soon to buy a house outright in Southern California...it can be done!