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BUY BUY BUY

May 5th, 2011 at 10:14 pm

Got an e-mail from a mortgage broker friend.

I rolled my eyes at the Title: "Renters Beware"

It was basically warning, warning, "rental costs are about to explode!"

So, buy a house. Of course!

At face value, I don't have much issue with the article. It points our many reasons why we chose buying over renting ourselves.

But, the whole section on rent about to explode? Seriously? Where, how and why?

For reference, I keep reading article after article about how the only people buying homes in the region are cash-rich investors. Some large percentage of homes are being paid for in cash. By investors. Most who don't even live in this state (or even in this country).

Lack of rentals? You have got to be kidding me. There is absolutely no lack of rentals here...

2 Responses to “BUY BUY BUY”

  1. baselle Says:

    I hear that one all the time. You know what the serious renters do? Get a lease. Smile Means that the rent gets revisited once/year, not every month. My lease hasn't changed in three years.

    My favorite one is buy now while the interest rates are low. Ahem. When the interest rates rise, the price drops.

    Oh and that every shack has multiple offers. Does it? Or are you just trying to get me to bid against myself?

  2. MonkeyMama Says:

    Baselle - I thought of you when I read it.

    I don't think rents have gone up here in about a decade - they have been dropping. & absolutely no signs of any upward pressure?

    Interest rates - you remind me just one more reason I don't see home prices skyrocketing upward in the near future!

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