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Real Estate
Reply to "Situation in US + home buying decision"
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[quote=Anonymous]Never wanted a house as a single person, but also not ready to buy a condo quite yet. I rent in the building I want to buy and renting is much cheaper. Rents just went down another 10%. They don't always go up. I actually moved, because landlord raised rent. Got top floor unit with no foot steps above. I have owned 3 properties before, so it's not like I don't know how it feels. All were bad investments compared to stock market. They were also headache. Nothing fundamentally wrong. Just things that come with real estate. My investment account gives me the warm fuzzy feeling house usually gives. Landlord asked me to stay for a long time as they don't even live in US. I know the building well as I owned here and now rent. More and more people are doing the math renting vs buying finally. When we bought, we didn't do the math really and didn't even know stock market was an option. Times have changed. Family still owns several properties here and abroad. Glad they didn't do their math either. Nobody is going to be homeless.[/quote]
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