--- In [email protected], akasha_108 <[EMAIL PROTECTED]> wrote: > > --- In [email protected], "jim_flanegin" <[EMAIL PROTECTED]> > wrote: > > > > --- In [email protected], akasha_108 <[EMAIL PROTECTED]> wrote: > > > > > <big snip> > > > > If one can rent the same property for 1500/mo, rather than buy it with > > > a mortgage of 3000/month, the renter is saving $1500 / month. The > > > buyer is pouring money down the drain unless home prices apprciate. > > > But there are strong indications that that train will not be back in > > > town for 5-15 years. > > > > > The one thing overlooked here is a measure of security after the > > mortgage is substantially paid off- In a rapidly developing area, and > > I know of people caught in this trap here, rentals may be converted to > > condos, or demolished for housing, leaving the renters, as seniors no > > where to go, except leave an area where they have established friends > > and costs. I understand we are all renters, but there is definitely > > more control over our assets if we buy, i.e. rent money from the bank. > > > Sure, home ownership has other non-monetry benefits. I like owning, > and planting a garden, and being able to tear down a inside wall if I > want. > > But ownership has some burdens too. Several times I had job offers in > other areas, but moving/ selling my home etc was a big hurdle. Owning > ties you to an area.
So the problem was not a housing one but an employment one. That is different. OffWorld ------------------------ Yahoo! Groups Sponsor --------------------~--> Get fast access to your favorite Yahoo! Groups. Make Yahoo! your home page http://us.click.yahoo.com/dpRU5A/wUILAA/yQLSAA/JjtolB/TM --------------------------------------------------------------------~-> To subscribe, send a message to: [EMAIL PROTECTED] Or go to: http://groups.yahoo.com/group/FairfieldLife/ and click 'Join This Group!' Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/FairfieldLife/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
