Economist says it's cheaper to rent - What are your views?

[donna]

None of that explains why he wont buy a family home surely he can work out rent goes up but a mortgage goes down over time?

I thought I read somewhere he said he was thinking about buying a property for his family.

[donna]

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

Donna

[Wayne]

I thought I read somewhere he said he was thinking about buying a property for his family.

There was mention a while back that he might and I felt the world would stop spinning.
Didn't seem to be mentioned again so I thought maybe I had mis-read it.

[HouseWorks]

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?

[flyernzl]

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.

[Courham]

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 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.

You mean, like, you know working your way up for the bottom, like in a property ladder flyernzl? Crazy talk.

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

[speights boy]

Gets a bit het up about Winston....

Economist drops F-bomb on TV

[PTILoveYou]

Well, Mr Rental is now listed under Entertainment segment on news, well done!

[Bob Kane]

The next time he's on tv he'll bite the head off a bat.
*sigh* those were the days.

[Bluekiwi]

The poll result on the shams book is hilarious

[Wayne]

apart from making a noise how does he earn a living now days?

[PTILoveYou]

apart from making a noise how does he earn a living now days?

Maybe their baby is big enough he's taking him/her to kindy, and his wife goes back to work for the world bank.

[mrsaneperson]

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.

[PTILoveYou]

Who is she?

Shes not as 'well known' as Mr Rental now

[mrsaneperson]

Who is she?

Shes not as 'well known' as Mr Rental now

I got her name wrong, now corrected its Mary Holm she has a regular financial questions and answers column in the Weekend Herald -the column has been going for around 15 years. So the sham guy is a newbie in relative terms.