One of the criticisms I received for selling my house in 2006 and going into the rental market was that I wouldn’t be building equity. Yes that is true. As a renter I wouldn’t have the opportunity to build equity. However, my goal was not to build equity. It was to [...]
One year ago, I explained in the post Renters Lose Money why I was renting and not buying.
I choose to rent rather than own because it’s A LOT cheaper today. Yesterday I got our building’s newsletter. It lists 9 properties for sale at an average price of $554 per square foot. If we extrapolate this [...]
You always hear how renting is dumb and you are just throwing your money away. Under normal market conditions owning is a better financial decision than renting. However, real estate prices today in downtown San Diego are anything but normal.
I choose to rent rather than own because it’s A LOT cheaper today. Yesterday I got [...]
