PeakOil is You
Renting a home vs buying- the numbers might surprise you
Re: Renting a home vs buying- the numbers might surprise you
by emersonbiggins » Mon 01 Oct 2007, 21:54:17
$this->bbcode_second_pass_quote('Plantagenet', 'O')il has gone from $26 to $83 bbl since 2000. I don't find it surprising that houses, gold and other things are also inflating in value.
Ugh, you're a broken record. If you will reread the graph, home prices have been appreciating at DOUBLE the inflation rate of other hard assets. Buying now puts you in the greatest crop of fools of all - the bottom may well be 4Q2008, the absolute earliest before I'd consider getting in.
Also, a fixed-rate advantage assumes a hyperinflation scenario, not unlike what we're beginning to see now, BUT a deflationary scenario may well take hold post-peak (5-10 years from now), which would spell disaster for fixed-rate holders.
"It's called the American Dream because you'd have to be asleep to believe it."
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emersonbiggins - Expert
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