Reply to Private school but rent?

Forum Index » Metropolitan New York City

Reply to "Private school but rent?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Renting has been more beneficial for so many years now. We sold three properties to become renters. Should have never bought them.[/quote]

Owning can be beneficial. The outer borough and suburbs have appreciated over time. It forces people with bad spending habits to save.

In addition, the math isn’t straightforward. If are wealthy enough to own a place that can host and impress guest with the view (increase networking opportunity), privacy / security of knowing everyone in the building, etc…

[/quote]

We rent in a family friendly building on UES.  Lots of people know each other, people have been here 10 plus years.[/quote]

While that might be true, I know plenty of people who regret not buying (especially outside of Manhattan). Since the 90’s the wealth gap continues to grow due to the inflationary environment we live in. Real estate is one of the few investment vehicles you are allowed to be over leverage and have the debt depreciate over time due to inflation and tax deductions in mortgage interest payments. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics