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4) Speculators drove the housing bubble writes Matthew Yglesias: "An old pearl of wisdom from the Great Depression held that investors. late 2001 as Americans continued to favor renting homes.
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I’d like to buy a home (my first) in upstate NY, but also keep my NYC apt I’m renting. Will this make it more difficult to get a loan? Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.
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The mortgage stays the same. People put their life on hold..to buy a house is supposed to be tough. Look what happens when they gave loans to every loser out there. If not "putting your life on hold" and "not paying for repairs" is important to you then rent for the rest of your life. And a lot of repairs are easily done by a homeowner.
Mortgage vs. renting In summary, there are a number of advantages and disadvantages involved when choosing to rent or apply for a mortgage. If you’re currently looking for somewhere to live, the first thing for you to do is to calculate just how much you have to spend and whether or not you can afford the upfront costs of both renting and buying.
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Yet as anger and frustration about economic inequality and rampant instability continue to mount, all too often the debate is framed. level and a monthly mortgage payment, owed an average of 131.