tag:blogger.com,1999:blog-8358039.post8334746672206325551..comments2024-03-25T15:17:04.488-07:00Comments on Captain Capitalism: Is the US in Another Housing Bubble?Captain Capitalismhttp://www.blogger.com/profile/05620212946121617985noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8358039.post-58736821825275111952017-03-23T13:04:01.124-07:002017-03-23T13:04:01.124-07:00I love this post. Sent it over to my aunt who just...I love this post. Sent it over to my aunt who just made the absolutely worst decision to buy a massively overpriced small flat not yet in existence (to be in 2019) in a miserable spot - and where literally hundreds more of the same are being built. I think she's in some sort of a frantic greedy state where she lacks all objectivity. It will only burn money. But she'll probably dump that money all the same into that hole-to-be... I'm not hopeful of a cure. She's wearing her pinkest glasses. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-24515373240703536992017-03-22T13:31:01.390-07:002017-03-22T13:31:01.390-07:00Cappy - the only reason the real estate market in ...Cappy - the only reason the real estate market in the town i live in is heated is the school district. Thanks to being surrounded by dropout factory school districts this one is doing great. Buying at the depth of the downturn also helped, but I also see people get really really greedy and getting their hands slapped by the market.<br />I would always state: choose a house based on the cost of rent, and it better be less. I was paying 1600 for rent for a premium apartment, and I said NO WAY to rent increases, then relocated to an apartment for less money a month, and then 2 years later bought a house for even less monthly rent. Screw the view/etc, it's rent that determines whether it's a good dealYekkehttps://www.blogger.com/profile/08282685508206984689noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-8632138003317359712017-03-22T08:59:50.837-07:002017-03-22T08:59:50.837-07:00I still think buying over renting is a much better...I still think buying over renting is a much better long term play. Even if you get a 30 year mortgage, your P&I will continue to be the same throughout; your only price spikes will be taxes and insurance (which won't change all that much). With rent, you're much more hostage to market forces. <br /><br />Of course, the big drawback is that to really make buying pay off, you need to live somewhere for like 6-12 years. I bought in a major city, where salaries (and prices) are high, so I've kind of married myself to the rat race. Potentially not a great idea, versus saving your money while in a high salary area and buying outright in, like, Arizona. Anonymousnoreply@blogger.com