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May 14, 2010 9:29AM
Love, loved, LOVED ruby2-4's comment.  I currently RENT in the DC/Northern VA area and it's not worth living here any more - it's gotten WAY too expensive (which is why I left NY 14 years ago) and it certainly is thugland.  Folks, unless you like living w/outrageous prices and snotty-a** young entitled brats w/no manners (in case you are wondering, this is where they've all flocked too w/their big ol' Federal jobs), along with the thugs, consider another area.  This one ain't worth it!
Apr 29, 2010 7:44AM
i rent not because of anyother reason except i can't get past the taxes! such a waste of big money and you get absolutely nothing back.
Apr 29, 2010 7:41AM

These articles are so misleading so much of the time.  Yes, your actual mortgage payment, and sometimes even your taxes and PMI (for FHA) added in, might be lower than renting a place, but alot of people forget the added costs that go into owning a home, like water and garbage, larger utility bills, upkeep, etc, which alot of times is paid for by the landlord. I have dumped nearly $2000 on landscaping alone for an approximately 1000 sf front yard on the fixer-upper I just bought.  And now I will pay $45 monthly to a gardener to keep it up.  I'm not bothered by it because I knew it would need to be done and i budgeted for it, but someone who didn't know the costs of landscaping might have been blindsided by that amount.  There's no landlord to replace your broken toilet and fix the leak in your roof when you own a home. 


This is my first home, and I like it even though its alot of work because its very rewarding, but I will probably turn it into a rental in 3-5 years, and move back into a loft downtown, since thats where I would rather live.  I will be able to get enough rent to cover the mortgage, gardener, water/garbage, and stash some away for upkeep, plus someone else will be paying off my mortgage while I live in the community I desire, but can't afford to buy in.  Win and win! 


Bottom line, if you dont want to buy a house, don't buy a house.  Investors NEED renters! If everyone owns, who will rent out their properties?

Apr 29, 2010 6:59AM

Home ownership is only a right to give county Government more dollars.  government at all levels are screwed up. many of us have to make changes often cuz of government.  home ownership is not the way to go at this point in time.

Apr 29, 2010 6:46AM
We're still having this discussion?  After being hurt by the housing bubble and other consumer-fraud schemes, we're still talking about flipping homes, forcing out renters, and hoping that dupes will BUY NOW because we say the market is great?  Yeah, housing market's headed for the same crash.  WHY?  Because they're lying to get you to buy what you can't afford!  Oh, and where are all the renters going to go while real-estate agents are buying out properties from the owners on short sale and vacating the renters?  Most of the real-estate and banks COME to the owner with a short-sale DEAL even if they're profitting on the rent.  Didn't know that, did you?  So renters are forced into apartments?  That's a poor scheme!  That's inhumane!  Don't get duped, don't buy now.  Don't sell your property on short sale!  Keep renting!
Apr 29, 2010 6:44AM

Hi All

Anyone can own a home with or without gov. approval.  Ive in the past  30 years have

succeeded in owning properties on a very low income! By myself, no family either.  True

I did do fixer uppers, at one point turned a garage into a 4 room home, just to have shelter.

Today my disability of spinal  bifida, has kicked in, and Im now renting..still having the dream

of owning again..work folks!!!  If God chooses to send me a companion, Ill probably do it

again..theres nothing like privacy, no rules and you can have pets!! Good Luck.

Apr 29, 2010 5:08AM
After getting repeatedly gut-punched by the fiscal fools of the last two administrations and being VERY spottily employed by their corrupt policies and national greed at every strata of society  -  we were able to sell our Colorado home to some folks escaping the SoCal mess.    We took our equity and are VERY pleased to be renting right now.    Home ownership has been and often is a bureaucratically-dangled carrot that just doesn't work;  this is one of those times, friends.    Best wishes ...
Apr 29, 2010 4:41AM
I agree with Ruby2-4......Guess what ? Not everyone wants to own a home, for a variety of reasons !  Yeah, I know how un-American this appears. But I don't care.  There are many situations where owning a home is NOT advantageous: if you don't have the time and desire to maintain a home, if you change jobs or move frequently, or simply live by yourself and just don't want a huge home to take care of.  Or, just don't want to worry about a large, fixed debt like a mortgage.  

I have been renting most of my life, and I absolutely LOVE it !   And this housing bubble has just proven what I've said all along- those who invest in their homes like they do in the stock market, hoping values will always increase and become 'profitable' are the dumbest idiots of all.  I''ll take my small monthly rent over this, any day of the week, and twice on Sunday.
Apr 29, 2010 4:14AM
Home ownership is overrated.  Trash bill, water bill, sewer bill, repair bills, maintenance, yard work, updates...  Sure, you have the pride of ownership, but with that comes a load of responsibility, and you are pretty much stuck with this commitment.  As life evolves and situations change, you may want to relocate to another city, or state.  But guess what?  It won't be that easy.  You'll have to find a buyer, and if the market isn't so great, this could take a while.  Also, you may not get nearly as much in equity as you might expect.  Home ownership works for a lot a people, but others are better off renting. 
Apr 29, 2010 3:33AM

As a renter, I gotta quit reading this ****.  I rent for a reason.  It's called DIVORCE.  Been there, done that.   I'm quite aware of the foregoing value of home ownership.

Plus, I sure as hell don't want to live or buy in Washington, D.C.     You can have it.

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