GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Housing Bubble? Only 11% of people in LA can afford a median-priced home.

Sly · 01-21-2006, 06:34 PM

Considering that renting costs half as much as buying, I'm wondering when investors are going to tire of losing so much money. Many are counting on appreciation only to make profit. Thats ok I guess if you don't mind sticking in thousands upon thousands of dollars every year for many years. Not for me. I'll wait for the market to drop or I'll simply never buy, doesn't matter to me any.

Spending $3k on a monthly mortgage when I can rent the same place for $1,500 just doesn't make sense. The "pride" of "owning" my house? Pff... I'll stick my money elsewhere and enjoy life instead of struggling every month to pay off my mortgage and boast to my friends "I own my house!" Uh, no buddy... you don't.

01-21-2006, 06:34 PM
Sly Let's do some business! Industry Role: Join Date: Sep 2004 Location: Austin, TX Posts: 31,333	Considering that renting costs half as much as buying, I'm wondering when investors are going to tire of losing so much money. Many are counting on appreciation only to make profit. Thats ok I guess if you don't mind sticking in thousands upon thousands of dollars every year for many years. Not for me. I'll wait for the market to drop or I'll simply never buy, doesn't matter to me any. Spending $3k on a monthly mortgage when I can rent the same place for $1,500 just doesn't make sense. The "pride" of "owning" my house? Pff... I'll stick my money elsewhere and enjoy life instead of struggling every month to pay off my mortgage and boast to my friends "I own my house!" Uh, no buddy... you don't. __________________ Vacares - Web Hosting, Domains, O365, Security & More - Paxum and BTC Accepted Windows VPS now available Great for TSS, Nifty Stats, remote work, virtual assistants, etc. Click here for more details.