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A comment on Is It Better to Rent or Buy?. Parent comment

Re:Is It Better to Rent or Buy? by NoMoreNicksLeft on Friday May 23, 2014 @10:14AM (#7789413)
And yet, right now as we speak, they're out there buying up these homes for chump change, paying cash for foreclosed homes gone to auction, and then renting them back to you for what you'd have paid in mortgage, plus extra on top of that to cover expenses.

You'll always be a sharecropper, now that you've been taught to believe that anything else is foolish.

Once I can afford enough to do it, I'll buy another home myself and rent it out to someone like you. And I'll stand there with a sheepish grin while he laughs that he got one over on me, hoping that he never realizes otherwise.

[ Parent | on HN ]
Re:Is It Better to Rent or Buy? by hnnewguy on Sunday May 25, 2014 @05:54PM (#7797725)
>I'll buy another home myself and rent it out to someone like you

Except I own my home...

I love people who have determined that they've found some trick to beat the market. "Oversized asset returns! All you need to do is buy real estate!". How many late-night TV seminars did you attend to to obtain this knowledge?

One day the cheap money will disappear, and the speculators (like you) will go bankrupt. Then they'll stiff their creditors, blame the banks, and the public will pick up the tab...again.

[ Parent | on HN ]