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Real Estate
Reply to "Question for renters..Aren't you tired of paying someone's mortgage?"
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[quote=Anonymous]I pay about $4000/month for my place. Rent would be about $3,000. For six years, there were reasons why nobody in our building could sell. Many had children and wanted larger spaces in the meantime, others had to move for work. This left them with a deficit of $1,000/month for many years. Plus they had to do continual work to deal with being a landlord and several had renters who failed to pay their rent. I think it is entirely understandable that people would like to invest that extra $1,000 elsewhere if they so chose. Also, in order to buy now in my building, you need close to $100k downpayment. Shockingly, some people don't have that. [/quote]
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