Originally Posted by FXjohn
Oh brother. Cooking isn't as hard as you think.
By the way, paying rent is simply flushing money down the toilet.
If you're that lazy, you probably aren't much of an investor in general.
Rent or own, you're probably going to end up paying about the same for shelter, usually 1/4 to 1/3 of your income.
If you own you are taking a risk that your property will be worth less some day. You're obviously hoping it will be worth more, but you never know that. (Look at New Orleans
) Any investment with a payoff means you must assume risks. The riskier the investment the greater the payoff. Period.
If you rent, you don't stand a chance of making any money
or losing any money. You rest peacefully, and let the landlord assume the risk. Also you don't have to worry about maintenence, insurance, taxes, etc.
All I'm saying is that obviously there are advantages to renting and buying both. if there weren't, they wouldn't both exist because eveyody would choose the other. If you don't understand that you don't understand markets!
The only thing that's stupid, shokhead and fxjohn, is assuming that your choice is best for somebody else. Not even a proffessional financial advisor would do that!