Comments on: Is Now the Time to Buy or Rent a Home? http://blog.budgetpulse.com/2009/12/17/is-now-the-time-to-buy-or-rent-a-home/ Personal Financial Management Sat, 31 Jul 2010 07:27:02 +0000 http://wordpress.org/?v=2.8.4 hourly 1 By: find the best place to rent homes http://blog.budgetpulse.com/2009/12/17/is-now-the-time-to-buy-or-rent-a-home/comment-page-1/#comment-3654 find the best place to rent homes Thu, 08 Jul 2010 18:27:02 +0000 http://blog.budgetpulse.com/?p=820#comment-3654 do you have a good credit before buying a house that is what you have to ask yourself before today they are better deals when renting a house and that will make you save more money instead do you have a good credit before buying a house that is what you have to ask yourself before today they are better deals when renting a house and that will make you save more money instead

]]> By: Craig http://blog.budgetpulse.com/2009/12/17/is-now-the-time-to-buy-or-rent-a-home/comment-page-1/#comment-2596 Craig Mon, 04 Jan 2010 17:36:27 +0000 http://blog.budgetpulse.com/?p=820#comment-2596 @Financial Samurai If I had the money, I agree with you it would be great to buy and then rent out. @Financial Samurai If I had the money, I agree with you it would be great to buy and then rent out.

]]> By: Financial Samurai http://blog.budgetpulse.com/2009/12/17/is-now-the-time-to-buy-or-rent-a-home/comment-page-1/#comment-2571 Financial Samurai Fri, 01 Jan 2010 08:39:09 +0000 http://blog.budgetpulse.com/?p=820#comment-2571 Gotta say, if you have a 5yr+ time horizon, now is absolutely the right time to buy. I've been looking at rental properties in Lake Tahoe for the past 6 months. What great opportunities! .-= Financial Samurai´s last blog ..<a href="http://www.financialsamurai.com/2009/12/31/samurai-predictions-and-resolutions-for-2010/" rel="nofollow">Samurai Predictions And Resolutions For 2010</a> =-. Gotta say, if you have a 5yr+ time horizon, now is absolutely the right time to buy. I’ve been looking at rental properties in Lake Tahoe for the past 6 months.

What great opportunities!
Financial Samurai´s last blog ..Samurai Predictions And Resolutions For 2010 My ComLuv Profile

]]> By: Moneyreasons http://blog.budgetpulse.com/2009/12/17/is-now-the-time-to-buy-or-rent-a-home/comment-page-1/#comment-2435 Moneyreasons Sat, 19 Dec 2009 06:00:12 +0000 http://blog.budgetpulse.com/?p=820#comment-2435 @Craig - Yep, that's one of my biggest regrets! I wish I would have bought a cheaper house. Then later rent it out... Ahhh if I could only turn back time... @Kevin@OutOfYourRut - Yep, I agree, and now that mentality has a lot of people that can still afford to pay their mortgage doing something call "strategic defaulting". <b>Strategic Defaulting</b> just adds fuel to the already roaring fire... :( .-= Moneyreasons´s last blog ..<a href="http://www.moneyreasons.com/2009/12/frugal-puzzles-fixing-small-things-can-be-fun/" rel="nofollow">Frugal Puzzles, fixing small things can be fun!!!</a> =-. @Craig – Yep, that’s one of my biggest regrets! I wish I would have bought a cheaper house. Then later rent it out… Ahhh if I could only turn back time…

@Kevin@OutOfYourRut – Yep, I agree, and now that mentality has a lot of people that can still afford to pay their mortgage doing something call “strategic defaulting”. Strategic Defaulting just adds fuel to the already roaring fire… :(
Moneyreasons´s last blog ..Frugal Puzzles, fixing small things can be fun!!! My ComLuv Profile

]]> By: Kevin@OutOfYourRut http://blog.budgetpulse.com/2009/12/17/is-now-the-time-to-buy-or-rent-a-home/comment-page-1/#comment-2427 Kevin@OutOfYourRut Fri, 18 Dec 2009 15:10:51 +0000 http://blog.budgetpulse.com/?p=820#comment-2427 @moneyreasons - You hit the nail on the head with "but we didn’t go overboard and “buy the max house that you can afford” mantra that was being spread around at the time." That thinking caused so much of the current problem. People were encouraged to buy more house than they could afford, and then to trade up later on. It played into vanity, and everyone's eyes got bigger than they needed to. .-= Kevin@OutOfYourRut´s last blog ..<a href="http://outofyourrut.com/blog/2009/12/14/face-the-future-informed-and-without-fear/" rel="nofollow">Face the Future Informed and Without Fear</a> =-. @moneyreasons – You hit the nail on the head with “but we didn’t go overboard and “buy the max house that you can afford” mantra that was being spread around at the time.”

That thinking caused so much of the current problem. People were encouraged to buy more house than they could afford, and then to trade up later on. It played into vanity, and everyone’s eyes got bigger than they needed to.
Kevin@OutOfYourRut´s last blog ..Face the Future Informed and Without Fear My ComLuv Profile

]]> By: Craig http://blog.budgetpulse.com/2009/12/17/is-now-the-time-to-buy-or-rent-a-home/comment-page-1/#comment-2426 Craig Fri, 18 Dec 2009 14:56:54 +0000 http://blog.budgetpulse.com/?p=820#comment-2426 @Money Reason Amazing you can pay off your house in full in such short time, it will help you a lot in the future to save for other things you want. I am in the middle of renting and probably will be for some time although would like to take the approach you mention. Could be a good way to then rent out the first house and make some money while moving up. Good idea. @Money Reason Amazing you can pay off your house in full in such short time, it will help you a lot in the future to save for other things you want. I am in the middle of renting and probably will be for some time although would like to take the approach you mention. Could be a good way to then rent out the first house and make some money while moving up. Good idea.

]]> By: MoneyReasons http://blog.budgetpulse.com/2009/12/17/is-now-the-time-to-buy-or-rent-a-home/comment-page-1/#comment-2418 MoneyReasons Fri, 18 Dec 2009 00:58:02 +0000 http://blog.budgetpulse.com/?p=820#comment-2418 Nice points. We bought our house in 1998. I'm very happy with the decision, but we didn't go overboard and "buy the max house that you can afford" mantra that was being spread around at the time. After I get my house paid off in 2010, I'll just have to work about taxes and insurance (around $300 a month), and of course utilities... When I was younger, I rented for 10 years. That worked out okay for me, but I would have had made a lot more money today if I would have bought a cheap house, lived in it, then later rented it out.. while I moved into a bigger house. :) .-= MoneyReasons´s last blog ..<a href="http://www.moneyreasons.com/2009/12/i-am-greedy-when-others-are-fearful/" rel="nofollow">I Am “Greedy When Others Are Fearful!”</a> =-. Nice points. We bought our house in 1998. I’m very happy with the decision, but we didn’t go overboard and “buy the max house that you can afford” mantra that was being spread around at the time.

After I get my house paid off in 2010, I’ll just have to work about taxes and insurance (around $300 a month), and of course utilities…

When I was younger, I rented for 10 years. That worked out okay for me, but I would have had made a lot more money today if I would have bought a cheap house, lived in it, then later rented it out.. while I moved into a bigger house. :)
MoneyReasons´s last blog ..I Am “Greedy When Others Are Fearful!” My ComLuv Profile

]]> By: Craig http://blog.budgetpulse.com/2009/12/17/is-now-the-time-to-buy-or-rent-a-home/comment-page-1/#comment-2417 Craig Thu, 17 Dec 2009 20:10:45 +0000 http://blog.budgetpulse.com/?p=820#comment-2417 @Kevin I agree, if you are more settled then buying makes more sense. For those who may be younger or likely to move, renting seems like the better option. @Kevin I agree, if you are more settled then buying makes more sense. For those who may be younger or likely to move, renting seems like the better option.

]]> By: Kevin@OutOfYourRut http://blog.budgetpulse.com/2009/12/17/is-now-the-time-to-buy-or-rent-a-home/comment-page-1/#comment-2416 Kevin@OutOfYourRut Thu, 17 Dec 2009 18:12:51 +0000 http://blog.budgetpulse.com/?p=820#comment-2416 Good post Craig! Another consideration is mobility. In this economy, that shouldn't be taken lightly. A renter can pick up and move on short notice without having the burden of selling a house, or needing to carry a double payment (house plus housing in the new location). Most careers aren't as stable as they were, and that isn't just because of the current economy. It's a trend that's been building for at least a decade but it's become more pronounced in the recession. .-= Kevin@OutOfYourRut´s last blog ..<a href="http://outofyourrut.com/blog/2009/12/14/face-the-future-informed-and-without-fear/" rel="nofollow">Face the Future Informed and Without Fear</a> =-. Good post Craig! Another consideration is mobility. In this economy, that shouldn’t be taken lightly.

A renter can pick up and move on short notice without having the burden of selling a house, or needing to carry a double payment (house plus housing in the new location).

Most careers aren’t as stable as they were, and that isn’t just because of the current economy. It’s a trend that’s been building for at least a decade but it’s become more pronounced in the recession.
Kevin@OutOfYourRut´s last blog ..Face the Future Informed and Without Fear My ComLuv Profile

]]> By: An Air Purifier Filter Can Improveyour Health At Home | myBlog http://blog.budgetpulse.com/2009/12/17/is-now-the-time-to-buy-or-rent-a-home/comment-page-1/#comment-2412 An Air Purifier Filter Can Improveyour Health At Home | myBlog Thu, 17 Dec 2009 03:43:24 +0000 http://blog.budgetpulse.com/?p=820#comment-2412 [...] Is Now the Time to Buy or Rent a Home? | BudgetPulse Blog … [...] [...] Is Now the Time to Buy or Rent a Home? | BudgetPulse Blog … [...]

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