Home Renting vs. Home Owning
Amid rising foreclosures and a tough housing market, renting is getting more positive attention. According to a survey by Harris Interactive, 65 percent of homeowners surveyed said they look more favorably upon renting than owning, given the current state of the residential real estate market.
Among the advantages of renting, homeowners cited no susceptibility to foreclosure (25 percent), minimal impact from the erratic real estate market (23 percent) and no effect from fluctuating interest rates (23 percent). Only 54 percent said they would concern about the inability to build equity. The survey also found that home owners who have lost their homes to foreclosure are finding it difficult to qualify as credit-worthy renters.
Property Management Blog is your expert insight into property … – Renting has its benefits, however, and some people actually prefer renting to owning for the ease and flexibility of it. There is quite a bit less financial obligation in regards to renting, as the person living in the home is not …
A Home in the City: Renting vs. Owning (part 1 of 2) – Renting vs. Owning (part 1 of 2). As renters, we've heard our share of "you're throwing away your money each year!" or "You pay how much? That's our mortgage!" We've been watching sales listings for years, but it hasn't been in the …
U.S. Census measures renting vs. owning – U.S. Census measures renting vs. owning. Renters pay a larger share of their income for housing than do home owners, according to the latest survey from the U.S. Census Bureau. Does that mean we all should buy a home? Not so fast. …
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The downturn during the 1970s was caused primarily by Richard Nixon’s faulty economic policy. Among other things the imposition of widespread wage and price controls caused the extended recession of the 1970s we refer to today as stagflation. Oil prices played a role but it was the government’s response that truly put the United States over the edge. Unless the Government takes draconian measures like Nixon did to insulate the economy it doesn’t make sense to compare today’s situation to that of the 1970s.
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The government should take draconian measures like a creating a repo market to hide bank losses? Or maybe draconian measures like bailing out home speculators because they might incur a loss?
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Yes house prices might fall even more than during the great depression but maybe there are just different drivers and each depression will be driven by completely different circumstances. Maybe a recession would not be a bad thing over the long run.
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Those discussing the large drop in home prices that need to happen are failing to mention that the nominal price will not fall that far because Bernake is inflating the market; real prices will fall 30%+, however.
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A house is worth no more than what someone is willing to pay you for it. No buyer? Value = $0. House prices have held steady throughout the past 100 years in the US at 3x median income of whatever area you study… because every house you build must be affordable to the workers within the surrounding area.
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So how bad is it? I hear all these ramblings, fancy financial terms and so on. But what does it all really mean? Does the US collapse? Do we see soup lines and down trodden people like the experience was during the Great Depression? Seems to me the US financial catastrophe is pretty simple. Our government and the citizens of the US have consistently spent more than they take in. At some point the debt becomes so great we are unable to pay it back, or manage it. When we are no longer able to pay our debts what happens? Do we surrender assets, land and military hardware to the foreign nationals we’ve been burrowing money from over the last two decades? Maybe a fire sale of America? The whole system is a sham and we only have ourselves and those shysters in Wall Street and the Scum of Washington DC to blame..Sorry to say but, neither McCain, Clinton nor Obama will be able to save us from this SNAFU. The concept of uncontrolled spending and deficit through credit has finally caught up with us. This decade is perhaps a time for reckoning in which our short sighted ways and embrace of Wall Street’s psychopathic free market capitalism garnered by greed and unequaled corruption will finally get the best of us..
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And to top it all off—soon to be ex-President George W Bush will be leaving U.S. with a $10trillion dollar debt to be paid with declining home prices. Give me back Clinton’s 90s balanced budget economy any time compared to the nuts currently running Washington.
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