Originally Posted by Kenny B!

As a landlord I love reading how Americans are scared to buy and think renting is the best way to go.

Home prices and mortgage rates are at historic lows, if there was any time to buy this is it! Why pay off the property for someone else?

Last house I bought I rented back to the previous owner. They have 4 kids in 3 different schools all within a couple miles of the house. He signed a multi-year lease because he dreads having to move, their lives are entrenched in the community.

I paid $101k for the house and collect $1000 a month rent, which is at least $200 under market but I'm helping a struggling hard working honest family. They will be there for the next 10 years and will pay off the house for me and then some.

Care to tell me how renting beats buying? Their mistake was buying at a high and spending more than they should have, so many family's got caught up in that.