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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: SouthFloridaGuy who wrote (56327)	6/19/2006 12:13:01 PM
From: GraceZ	Read Replies (1) \| Respond to of 306849

Well I'm fond of saying that I continue to hold my personal residence for personal reasons not financial ones. There are good times and bad times to buy houses and good times to be a renter as opposed to an owner. Back when we bought our rental houses the mortgage was below the cost of renting a similar unit. It seemed like a no brainer. I couldn't understand why people would rent something for more than it cost to buy it, but this is the way things go, sometimes one diverges completely from the other in a fashion that seems irrational. I think you are correct in assuming that it isn't a good time to buy but I seem to recall you made the same assessment five years ago, although I might be wrong in that memory.