May 20, 2013 |
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In Lawrence the obvious trend in renting.
My next home will be 6 feet under most likely. Rented or bought, won't make much difference to me.
ENTITLEMENT - Bailing out The Reagan/Bush Savings and Loan Heist aka home loan scandal sent the economy out the window costing taxpayers many many $$ trillions (Cost taxpayers $1.4 trillion), Plus millions of jobs, loss of retirement plans and loss of medical insurance.
ENTITLEMENT - Bailing out the Bush/Cheney Home Loan Wall Street Bank Fraud cost consumers $ trillions, millions of jobs, loss of retirement plans and loss of medical insurance. Exactly like the Reagan/Bush home loan scam. Déjà vu can we say. Yep seems to be a pattern.
Considering the above entitlements and what appear to be the pattern of the future renting may well be the "smart option". If politicians and the financial industry can destroy the economy and property values at their leisure how smart is it to go into debt only to discover
you suddenly owe more than the property is worth? Through no fault of property owners.
If politicians and the financial industry can destroy the economy and property values at their leisure how smart is it to go into debt only to discover you suddenly are unemployed for who knows how long? Yes the job you had went to China,Pakistan, Iraq or Mexico.
USA corporate America has become anti american, unfriendly to local economies and unfriendly to taxpayers. Why should taxpayers hand out tax incentives knowing a corporation could possibly export USA jobs at the drop of a hat?
Own or rent? One word was sufficient.
Same as Roe, 'cept maybe an urn or a sprinklefest somewhere.
Meanwhile, while you're still here, owning is usually your best long term option.
Math will determine. Right now renting looks good. Buying a home where the tax savings on the mortgage is considered may just be a bad bet when Uncle Sam changes the rules after the game is played
When taxes go up, the renter is affected also because the owner passes the tax hike on by raising the rent.
Of course but that applies to property tax. I am talking income tax where it is a deduction. Be nice if the landlord passed ,on deductions??
Your right about the landlord. Cost of doing business as property taxes can also be booked.
Renting, trying to save for a down payment. Not much luck yet.
As bad as the housing market is, now is a good time to find homes well below market. I'm looking at a second possibly to rent later or sell if the market comes back
In a van down by the river!!!
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