"Renting is throwing your money away" -- total BS

[rufruf44]

I think for house owner (especially for a fairly recent one), the threat of the housing bubble bursting anytime soon is the biggest problem.

 

[cavemanmoron]

WAHHHHH

i paid $52,000 for my house 4 years ago.

you pay almost as much in escrow as i do for my total mortgage including escrow,and home owners
insurance.


buy a Cheaper house,maybe?
{i pay a little less than $580 a month}

 

[T2T III]

I've paid payments like you - and my escrow amount has increased each year because of tax and insurance payments. But, you know what? My house has appreciated enough over the past 12 years that I now have $170K in equity in the place. Do the math - $170K divided by my monthly payments = I've lived in the house for *free* for the past 12 years. Had I lived in an apartment for the same period of time, my rents would have also gone up each year and I would have no equity.

If you are frustrated with home ownership, sell the place and move back to an apartment. I'm sure that the first week you are back in your apartment, you'll realize how nice it was in your home that you owned.

 

[IGBT]

...thus the term.."house poor"...and property tax assures that we never really own the property...