I Rent, Therefore I Am
Wednesday, April 11, 2007, by Philip

2007_04_10_bluecar.jpg

The New York Times takes a look at the eternal conundrum. No, not Gay Marriage. Should I Rent or Should I Buy? will be seen by future generations as our great struggle.

For the now, the smart kids at The Times are advising caution. Suddenly houses and condos are not the sterling investment that realtors and mortgage "brokers" have been touting. And the National Association of Realtors gets a few sharp elbows, with The Times hinting that their members, along with NAR economist David Lereah, are partly to blame for what now appear to be unreasonable expectations. Seems the NAR is still running radio spots with their "now is the best time to buy" mantra. Because dammit if you keep renting, they'll all be working at Starbucks again. But at least for now you can go to dinner parties and hold your head up high and say "I rent!" and look like a total catch.
· A Word of Advice During a Housing Slump: Rent [Economix/NY Times]
· Got House? [Curbed SF]


Posted in Affordable Housing, Realtors


Comments (2 extant)

1.

Look, I love you guys, but...
1. They never said "best" time to buy.
2. We in the blog and financial world spend way too much time intellectualizing about the home that people live in in which decisions are not finacial based but rather (mostly) emotional. Afterall, it's our place to live.
3. Lastly, and I have tried to explain this most obvious point to Barry, no one knows who David Lereah is and I bet most realtors don't either. Point being, I have never met anyone who made their decision to buy or sell based on what he said in a white paper or what the NAR ad from November stated. Really.

By Larry Nusbaum at April 11, 2007 9:27 PM

2.

Lemmings.

They either all want to buy, or none want to buy. Real estate is the only thing no one wants to buy when it's on sale.

By slinkybender at April 18, 2007 12:01 AM




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