On 10/10/2011 7:57 PM, Howard Brazee wrote:
On Mon, 10 Oct 2011 15:07:36 -0700, John
wrote:
On 10/10/2011 2:31 PM, Howard Brazee wrote:
...
So is renting an example of a generation being dumber?
It is an example of not owning/having a home ... I don't know that needs
any more explaining ...
There's a lot you don't know. Hardly anybody *owns* a home. And
when the bank owns more than the house is worth, or when a job comes
up and they can't sell their home to move, they wish they had rented.
I am holding off downsizing until housing values go up.
I am also subsidizing other homeowners because they have tax breaks
renters don't get. (and they are subsidizing me for the same thing).
They choose to rent instead of buy because they are dumb?
There are owners, and there are those who are slaves and work/pay for
their right to squat on land ... I really don't know what you are
looking for here ... the obvious differences and benefits are simply
that, obvious, to those with the grey matter to know that/those
differences ...
Or is it they are dumb enough to create the economy where it made more
sense to rent than to buy?
The indians sold manhattan for some beads and trinkets ... the russians
sold alaska for less than one days worth of oil which comes out of there ...
Again, those capable already know the importance of these facts ... and
conduct their life accordingly ... the implications, importance and
consequences surrounding what you ask make me think something is wrong
if you must ask the question which you are ...
Regards,
JS
It is always good to examine closely held beliefs. You don't seem
to be willing to do so.
The guy under the bridge, he doesn't own a home ... I know that ... if
he wants one, if he thinks he needs one ... I just don't know ... but, I
could guess ...
The rest of what you had to say, bad decisions, paying too much for a
home, etc. ... well ya', that is covered in "Life 101." If you missed
that class, problems will keep arising until you do take that class! ...
don't make those bad decisions, don't pay too much for over valued
property, don't buy what you can't afford, etc.
Basically, it comes down to common sense, if you can't afford the house,
don't buy it... yet ...
If you are having problems, you will have to examine how you have been
doing things, and change them -- doing what you have just done, and
failing, but expecting a different result THIS TIME is just plain insanity!
If in a dead end job, get out of it. If in a low paying field, leave
it. If you suffer a lack of skills, get them ... the crooks in
government can be blamed for a LOT of stuff -- letting valuable jobs go
overseas, stealing wealth from citizens, graft, corruption, printing
worthless money, etc. But, you are to blame if you haven't placed
yourself in a secure position, not made the right decisions, have over
spent your income, didn't secure rock solid income(s), did not have
mortgage insurance, didn't have backup plans, etc.
I can't believe the number of people who are living from
paycheck-to-paycheck, in bliss, in ignorance, not realizing they are a
hairs breath from total disaster -- and then cry foul and are surprised
when the house-of-cards comes crashing down! The time to have done
something about this is long before it happens to you!
I hate to spring the bad news on you, but if you don't have the price of
the home you are purchasing in the bank, or in assets you can quickly
make liquid, then you probably should not be buying the house. You are
just "ripe for the picking." And, next time the criminals want to
create a "situation" and take their property back, to resell to the next
victim -- they will come for you ... and you will get what you are
asking for.
Good solid citizens just don't start families without first having a
home, a good income, stability and resources to support children into
the same ... and have them in a state of rock solid stability!
If you are talking about a single person ... then maybe a home is not
needed ... depends on what they want, and expect, I suppose.
Regards,
JS