PDA

View Full Version : Historical cost of Renting vs Buying

CoachKandSportsguy
08-10-2023, 05:52 AM
Given the disparity on the graph below, I would say renting is here to stay for a good number of years. . .

The optimal time to buy again will be in several more years, though there is no certainty to when from this graph. . .

I would support using data in the airbnb argument for enforcement.

good luck everyone
Toymeister
08-10-2023, 08:39 AM
Given the disparity on the graph below, I would say renting is here to stay for a good number of years. . .

The optimal time to buy again will be in several more years, though there is no certainty to when from this graph. . .

I would support using data in the airbnb argument for enforcement.

good luck everyone

National statistics, like the posted chart, do not directly relate one to one with the local market.
Caymus
08-10-2023, 10:44 AM
National statistics, like the posted chart, do not directly relate one to one with the local market.

.....Location, location, location
justjim
08-10-2023, 12:18 PM
We purchased in The Villages 2006, 2008, 2010, 2012and 2015. The villages is a special place to purchase a home. Two were mortgages and three were cash. In short and IMHO, anytime is a good time to buy in TV. We also made two cash purchases up north. Suffice it to say we did well on our purchases but better in TV and in full disclosure lived in all of the houses. Frankly, if we were younger would have purchased a couple more. Due diligence is absolutely necessary when you decide to “pull the trigger”. The harder you work at something the luckier you get.
Bay Kid
08-11-2023, 07:10 AM
You can rent and pay my loan, or buy and pay your loan!
CoachKandSportsguy
08-11-2023, 09:37 AM
National statistics, like the posted chart, do not directly relate one to one with the local market.

Do you really think that there is no relationship, and that the AIRB&B people aren't using their experiences elsewhere in desirable locations relative to entertainment locations (Orlando) and that AIRB&B buyers did some marketing research in TV to determine the future demand and profitability of each unit they purchase?

The same relationship applies here, if you want to live in TV and can't afford to buy, you rent. . . and rentals are available. . . all year round if you want. . and rentals here are much cheaper than buying with a mortgage. .