It’s a Trap: Your Government has manufactured the Cost of Living Crisis to advance The Great Reset plan to ensure ‘You will own nothing’ and apparently be happy about it
It’s a Trap: Your Government has manufactured the Cost of Living Crisis to advance The Great Reset plan to ensure ‘You will own nothing’ and apparently be happy about it
by The Exposé Since the end of the gold standard and the beginning of a money printing experiment on a global scale in 1971, the general public become the victims of an endless debt cycle. Banks can now print as much money as they wish. This in turn creates inflation and debt.
I stand by my view that MANY times it is cheaper to buy than to rent. As a Real Estate Broker for 27 years, and checking the MLS for 7 days back before commenting here,the lowest rent is 1600.00 a month for a 700 square foot house. The highest is 5000K for a 1800 S.F house. The average is 2250.00. Since my team and I work with many buyers coming to the Medical School for their residency once they look around, (after losing out on several bids) they check out rentals and then move forward with buying. My highest price home sold this year bid 170,000 over asking and won the bid.
I know not ALL areas are like this because bottom line all real estate is local.
Yes they may have negative equity down the road when they sell, but no one has a crystal ball to predict the market in 1 year or 10 years. However, even if it is in "negative equity" they have still had the tax advantages throughout the years and just didn't throw it all away by renting.
For those who can I suggest you try to have zero debt. My response to Schwab is you own 100% of all your possessions and you will be happy.
I stand by my view that MANY times it is cheaper to buy than to rent. As a Real Estate Broker for 27 years, and checking the MLS for 7 days back before commenting here,the lowest rent is 1600.00 a month for a 700 square foot house. The highest is 5000K for a 1800 S.F house. The average is 2250.00. Since my team and I work with many buyers coming to the Medical School for their residency once they look around, (after losing out on several bids) they check out rentals and then move forward with buying. My highest price home sold this year bid 170,000 over asking and won the bid.
I know not ALL areas are like this because bottom line all real estate is local.
Yes they may have negative equity down the road when they sell, but no one has a crystal ball to predict the market in 1 year or 10 years. However, even if it is in "negative equity" they have still had the tax advantages throughout the years and just didn't throw it all away by renting.
Renting for the short time is fine.
Not for the longtime.
Just my opinion.
The preplanned war with Russia will accelerate the scenario!