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Reply to "Do you know people who have money but aren't buying a home?"
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[quote=Anonymous]I love how conversations like these end up going down the "must not be a desirable neighborhood" route. Either people aren't buying because they can't afford a "desirable enough neighborhood" or your landlords aren't increasing the rent for the same reason. It is entirely possible that not all of us are slaves to what others think desirable. It's entirely possible that not all decisions be based purely on making the most money, or showing off to others that you make the most money. If home ownership works for you, great! If raising the rent on your tenants every single year works for you, great! There are other roads, and sometimes the one not taken has benefits. You may not see them, and that's okay. I am quite content in my supposedly undesirable rental, banking my money in other ways. Seems like my landlords feel the same. We are all quite happy. :mrgreen: [/quote]
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