News for hackers. Stuff that matters.

A comment on Homeowner vs. Renter: Why Should You Ever Buy a House (at all)?. Parent comment

Re:Homeowner vs. Renter: Why Should You Ever Buy a House (a... by rsheridan6 on Monday May 12, 2008 @12:09PM (#187683)
I expect rents to go up considerably, given that people are avoiding buying houses, population is increasing (expected to be 500M by mid-century), and inflation is high (I don't see any way out of the US government's debt mess other than inflation to reduce its real value).

So in 10, 20, 30 years a renter will be paying considerably more while a buyer will be paying a rate locked in long ago.

Imagine the relative pittance you'd be paying now on a loan locked at 1988 housing prices - and that's after 2 decades of inflation rates that were lower than those of the next 2 decades will probably be.

[ Parent | on HN ]
Re:Homeowner vs. Renter: Why Should You Ever Buy a House (a... by icey on Monday May 12, 2008 @12:33PM (#187711)
I bought my house in 2001, and for me to rent an equivalently sized house now is already $600 to $1000 more expensive per month than my mortgage. It was a bit worse a couple of years ago, but still; people who forget about rent increases are in for a big surprise if they could have gotten a house for a reasonable price.
[ Parent | on HN ]