Quote:
Originally Posted by Choker
I am very very disapointed in her. She sees the math and knows I'm right. The only reason, and I told her this, the only reason to buy a house right now is out of pride, so you can brag to your friends that you now own a house. I see people like this and I think, "what a fucking idiot".
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If she'd rent a place she would be putting for example $1000 a month in something she doesn't own. That's $12,000 a year. in 10 years that's $120,000 wasted in rent.
If she'd buy something for like $250,000 and lives there for 10 years it would never drop $120,000 in value + there is a quite a big chance prices will eventually go up again.
Even if the economy is bad, it's still always better to buy than to rent, especially if you plan to live in the same place 10 - 20 years.