[lbo-talk] Homeownership Makes You Fat and Unhappy
Jordan Hayes
jmhayes at j-o-r-d-a-n.com
Thu Dec 11 13:15:27 PST 2008
>> "... if Americans could be persuaded that rent payments aren't
>> "wasted money" and that owning often makes less financial sense than
>> renting ...
>
> I've seen numbers comparing renting and owning that show advantages to
> renting.
My granny used to tell me that you should never compare apple and
oranges unless you're looking to prove redness or smoothness. It seems
to me that there's not going to be a reliable set of numbers to prove
either one: you'd have to project the future value of real estate to do
that, and you'd have to pick the timing of when you move.
Without a crystal ball, you're sunk on this one.
/jordan
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