Reply #21: how do you know they're lying, it's in the wall street journal!!! [View All]

[pitohui]

what bullshit, do they think we're complete idiots?

it costs MORE money to rent than to buy, dumbasses, because, and this is pretty basic adam smith 18th century beginner's capitalism stuff here, YOU HAVE TO ALLOW FOR THE LANDLORD'S PROFIT!!!!

with renting, you have to pay more for two reasons -- you have to allow for the landlord's profit and you have to move more frequently (and each move costs somewhere between one thousand to ten thousand dollars)

so the whole lie about how if they bought into the stock market instead with the "extra" money is just that a lie, there is no "extra" money from renting, the way they create these lies is that they compare renting a dorm closet in college and buying an entire three bedroom, two bath home and then, yah, since you bought a steak but rented a glass of beer the prices are a little different...

i don't know ANY renter who has extra money to invest, that just can't happen, when you rent, every time some bullshit comes up, you're out on your ass and scrambling for another deposit, movers, etc...

the funniest is the claim we hear in the press and on the internet, that landlords make repairs while homeowners make their own repairs, if those who owned the media had ever been tenants, they would know that you get awfully old and gray waiting for a landlord to make repairs, no landlord ever made a profit doing repairs, sheesh

they either think we're stupid or they aim these nonsense at people who have NEVER rented, so they think it sounds "logical"

if you spent your housing down payment on buying stock (or for that matter, as some people do, on a princess di/kate bullshit type of overpriced wedding) then in a few years i'm living in my paid off home and you're still nowhere

we are low income, if we had not bought our own home and had to rent, we'd be in terrible financial trouble in our middle age and our only hope for our old age would be suicide...renters do not do well in late middle age or in retirement