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Message Subject Mortage vs Apartment living cost
Poster Handle STARLING
Post Content
Mortgage payments build equity, rent is lost for good.

You can never get wealth back from renting. In the long term, home ownership can pay off if done right and not neglected or rented out to some ghetto people.

I've had my homes painted with feces all over, toilets stolen, entire radiators gone, ........

The worst was a slip n slide it on the hallway covered in beer and urine, the back bedroom was missing 1 wall, YES 1 entire wall with cement poured and flushed down all the drains. Just because I had to evict them for non payment over 6 months.


It is really hard to rent near a ghetto. Get one bad rental and your fucked!
 Quoting: --Voltaic--

As a renter I cannot imagine why you would purchase a rental property or any property anywhere near a "Ghetto". That being said I would never live anywhere near a "Ghetto". Ah, the idea of fast money. The economy is in it's death bed, don't be fooled into thinking it will get better. It can't at this point. Get out of the property while you still can, sorry for your loss.
 
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