Originally posted by Maccachic
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Economist says it's cheaper to rent - What are your views?
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Moderated Posts - Please keep on topic
Hi All,
There are now moderated posts in this discussion. Please keep on topic - but away from expressing negative thoughts about the person.
Thanks
DonnaEmail Sign Up - New Discussions, Monthly Newsletter, About PropertyTalk
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You might expect an average working man or woman might not see the value in buying a home. Or that they don't understand asset cycles they could be forgiven. But an economist who grandstands about not buying a house, encouraging others to do the same that's pitiful. Followed by lots of loud crying and moaning noises I say you don't understand economics. Does he have an economics degree?
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As usual, the big flaw in his (and other commentators) argument is that they keep talking about averages.
Savvy investors do not pay an average price for an investment property - they take the time and effort to hunt out the bargains.
First home buyers should not/do not buy an average price house - they will (and in the past have) started somewhere cheap and over time move up.Last edited by flyernzl; 11-06-2015, 07:12 PM.
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Originally posted by flyernzl View PostAs usual, the big flaw in his (and other commentators) argument is that they keep talking about averages.
Savvy investors do not pay an average price for an investment property - they take the time and efort to hunt out the bargains.
First home buyers should not/do not buy an average price house - they will (and in the past have) started somewhere cheap and over time move up.
Smeagol talking on home ownership in the LoTR part IV:
"We wants it. We wants it now. We wants it brand new and (perferably) we doesn't wants to work for it. Yes, my precious, we wants it...."
Craig
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Is he really any worse than regular financial columnist Mary Holm from NZ Herald?
She also advocates renting rather than owning ,going many years back.Last edited by mrsaneperson; 06-09-2015, 12:38 AM.
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Originally posted by Gary Lin View PostWho is she?
Shes not as 'well known' as Mr Rental now
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