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  • The price gap between renting and buying

    From JAB@21:1/5 to All on Wed Sep 20 20:38:10 2023
    The price gap between renting and buying just hit the widest point
    since 2000, new analysis shows

    Renting is a far cheaper and smarter option for many Americans today
    in the face of high homeownership costs, according to a new analysis
    by the real-estate technology platform Cadre

    With mortgage rates over 7% and elevated home prices, as well as
    intense competition among buyers over a low number of home listings,
    many renters hoping to buy a house are finding it too expensive.

    https://www.msn.com/en-us/money/realestate/the-price-gap-between-renting-and-buying-just-hit-the-widest-point-since-2000-new-analysis-shows/ar-AA1h0phK

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  • From rdh@21:1/5 to All on Thu Sep 21 08:56:42 2023
    They used to say, ``Under socialism, you will own nothing and be happy.''

    Turns out, under capitalism we ended up owning nothing anyway, and being miserable.

    --
    ~rdh

    --- SoupGate-Win32 v1.05
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  • From JAB@21:1/5 to rdh on Thu Sep 21 10:12:22 2023
    On Thu, 21 Sep 2023 08:56:42 -0500, rdh <rdh@tilde.institute> wrote:

    They used to say, ``Under socialism, you will own nothing and be happy.''

    Turns out, under capitalism we ended up owning nothing anyway, and being >miserable.

    I suspect the "haves not" herd has increased in last twenty years.

    During Covid Era, too many landlords jacked up their rents;
    traditionally, rent is based upon a dwelling's appraised value, but
    I'm not aware of why those landlords jacked up their rents.

    I suspect appraisers' software may factor in current building costs,
    which might explain why appraised values increased during Covid Era.

    I can only wonder if those who produce this software have skewed some
    factors so that higher appraised values is the end result.
    City/County/etc officials would not object when more revenue is the
    end result. I have no idea if this software industry is monitored and
    checked for bullshit appraised values.

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  • From Michael Trew@21:1/5 to JAB on Sat Sep 23 01:29:55 2023
    On 9/20/2023 9:38 PM, JAB wrote:
    The price gap between renting and buying just hit the widest point
    since 2000, new analysis shows

    Renting is a far cheaper and smarter option for many Americans today
    in the face of high homeownership costs, according to a new analysis
    by the real-estate technology platform Cadre

    With mortgage rates over 7% and elevated home prices, as well as
    intense competition among buyers over a low number of home listings,
    many renters hoping to buy a house are finding it too expensive.

    Boo-freaking-hoo. I've got a house I'll sell you right now for $5k
    cash. Roof and 4 walls, windows in tact, what more do you need? NO
    MORE RENT! 662 Riley Ave, East Liverpool OH

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