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John Smith[_7_]

On 10/11/2011 4:58 AM, BAR wrote:
In ,
says...

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.

Legally I own the home, the mortgage company has a lien on the title.
Just like when you buy a car, you own the car but the finance company
has a lien on the title.

I am also subsidizing other homeowners because they have tax breaks
renters don't get. (and they are subsidizing me for the same thing).

Why is your life on hold waiting for something that may never happen?

I have heard that the housing market will not recover until 2020.

I will be moving in 3 years, selling my house, and moving to a more tax
friendly state. I will not wait for housing values to recover I will
sell to whomever comes to me with a pile of money and I will move on
with my life.

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.

I reread my post, while basically saying what I meant to, I did make
some "mistakes in the wording."

I have made some horrible mistakes in life, and paid dearly for them, I
lost my first home, and the money invested in it, and had to begin again ...

I am not attempting to "sit a high horse," I had to re-take the class
"Life 101" a few times, before getting it close to right ...

Basically, you just keep on keeping on ... and, the group of criminals
in the public servant offices are a REAL determent to goals of many
citizens and families ... this needs worked on, along the way, with the
other problems ... I am sure, although I get older by the day, there are
still mistakes awaiting me, in my future, short time, here on the planet ...

Regards,
JS