Buying a starter home is cheaper than rent in two dozen metro real estate markets.
I have been holding this headline for more than a month, but it is too good to pass up without comment.
If buying were not cheaper than renting there would be nothing to rent. Does USA Today think the average Joe who wants to invest in something is going to invest in something in order to lose money.
Not unless they have enough capital to need losses for saving taxes or something like that.
We have bought two homes which we rented out when we moved. Of course, we asked for more than our monthly payment. Had to. Lost a lot of money anyway, considering unpaid rent, maintenance, and having to pay on capital gains – or something like that. We would not have had to pay that if we had sold immediately rather than renting to someone.
Then you have a federal agency like CDC who can order non-eviction for non-payment of rent!
Now I acknowledge there are unfriendly, stern, hostile, even evil landlords, but this “socialistic” mind set is hard on the honest capitalist!
The following comment I made to Julie on her article about people who have been/are wandering in the wilderness. https://cookiecrumbstoliveby.wordpress.com/2021/10/04/discernment-obedience-and-wandering/#comments
I’m glad there is still hope in the wilderness, but avoiding the wandering there is best. That is a common ploy planted by the devil. He will say, “O sure, it is wise accept salvation, but that means you have to …..” So too many respond by deciding to wait a few years, until death is nearer. In that wait time, there is likely to be baggage added to one’s life that is a burden on the back for all the rest of life – disease, dependents, depression, addictions, financial woes. Very seldom does one get through years of wilderness without the sandals wearing out.
One thing that can weigh a person down for life is never being able to buy a home because of bad credit or other financial issues while wandering. The quicker one tags onto Jesus Christ and starts living by His principles, the better off he is!
AND DON’T BE SURPRISED IF THE LANDLORD WANTS TO MAKE A PROFIT ON HIS INVESTMENT!