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Since September 2009
Roberto,
Fortunately, The First Amendment protects everyone's freedom of speech.
Unfortunately, The First Amendment grants everyone the freedom of speech.
You just demonstrated the benefits and the risks that are associated with it.....
The study by Bankrate.com shows that in 2009, despite all the economic hardships, overwhelming majority of Americans, 92%, believe in homeownership - truthfully, it is not that surprising. Most people like to own their own home.
I am sorry to hear the results of the study rubbed your political/ideological leanings the wrong way.....
Since September 2009
Roberto,
>>>>>>Keep this in mind viv: ignorance is curable! <<<
I flaged your answer.
You continually posts very offensive, rude, insolent answers whenever you do not agree with the topic.
All the data in my discussion come from an actual study by Bankrate.com - 92% of Americans are for homeownership. Who are you to decide that people should rather RENT than OWN homes?
As long as home buyers sign responsible mortgages with healthy Loan-to-Income ratios, homeownership is good for the homeowners and for the country.
Your claims of "graduate work in math and econometrics" only prove your vanity - it does NOT necessarily prove instantly, by default, that you are right.
Try to stay on the TOPIC: Americans like to own their own home - 92% of us prefer to own our homes.
Finally, people do NOT care how much you know unless they know how much you CARE.
Since September 2009
Since September 2009
>>>What percent of Americans NEVER consider what they pay in interest when judging if their investment was profitable?
What percent don't consider the cost(or savings) of rent?<<<
caveat,
Could it be that house is MORE than an investment - it is a HOME!
92% of Americans prefer to OWN the place they call HOME!
As for interest payments, I always recommend paying off mortgage as soon as possible - even if it hurts - and save on all those interest payments. All over sudden, OWNING a Home becomes a great INVESTMENT, too!
NOT everything in life can be measured through PROFIT.
Having children is expensive, very expensive. If profit was the only objective in life, people should NOT have children....but that would NOT be good, would it?
Since September 2009
Since December 2008
Since September 2009
Since September 2009
Since September 2009
Since September 2009
Since December 2008
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9 out of 10 Americans believe that home is a good investment - despite economic downturn
Vivianne Rutkowski, "VivianneRutkowski"
Real Estate Agent
Contributions: 497
Zillow All-Star
Since September 2009
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49% believe that stocks offer the best chance for good long-term returns.
In the last 30 years, the average annual return on residential real estate was 5.92% versus 12.33% on the stock market which can prove to be volatile investment - The S&P 500 lost 42% of its value between the end of August and Nov. 20, 2008.
Housing is a long-term investment and not a get-rich-quick scheme - homes should be kept for at east 7-15 years to recoup closing costs and to weather economic downturns. Houses should be purchased as homes first and as investments distant second.
Most of all, real estate is a good defense against INFLATION.
Why? Because inflation tends to drive up prices, but also salaries - however, a monthly payments on 15 or 30 year fixed mortgages stay the SAME throughout the life of the loan, regardless of inflation.
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