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Re: OWN A HOUSE OR RENT???? THAT IS THE QUESTION

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  • Fri, Dec 31, 2010 - 06:31pm

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    Peak Prosperity Admin

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    Re: OWN A HOUSE OR RENT???? THAT IS THE QUESTION

jpetr – thank you for responding

you might find better returns from global blue chip stocks trading at discount prices with attractive yields

that may be true but i really don’t know the stock market and aside from getting into PM’s this year I try to avoid putting my money into things i know little/nothing about. I’m sure I could get better gains from the market if I knew what I was doing.

next upcoming generation of home buyers no longer sees owning home as a dream

Perhaps I’m going a bit CT here, but this bothers me a little. I understand the sentiment and I read an article earlier today talking about how rentals in NYC work out around half the yearly cost of owning. But if only the elites own and the rest of us rent, does this not just continue the model of landowners and serfs? I think owning your home is good so long as you’re not saddled with debt.

staying out of debt has given us significant freedom

Completely agree with you there.

Tall – good points

would not consider renting right now as I am in the process of improving my home to increase self sufficiency on multiple fronts

Completely understand this. We did consider renting a smallholding but I’d be loathe to put much effort into establishing something I’d be walking away from. In this case I’d rather own the smallholding as the investment is being put into the ground, the infrastructure and the life you’d build there. That has real value.