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Precisely why the likelyhood of 11% interest rates hapening is pretty much nil. If the US falls into a recession, rates are going back down. Most likely, 2-3 years from now they will be around what they are today or even a little lower.

Good enough. I read elsewhere that you were paying 2300$/month in rent. I hope that you are putting the 65% difference aside over the long term so that it can garner the 8% average annual appreciation as per your spreadsheet. Otherwise your numbers will not add up and all it will mean is...

There is no interest deduction when paying off your mortgage unlike the US. When you sell your principal residence, there are no capital gains taxes as long as you've lived in it for 1 year+. You can use your equity, and this is a good deal if your house has apprecited substantially, to...

Taxes are 120$/month insurance is 60$. My job is being self-employed and I decide when I move. Rent is easily the same as my MTG payment. You could find these deals all over the country if you look. I live in Calgary,AB and bought at the right time 1.5 years ago, before prices started to...

Because the subject of the thread is not Economics of Renting vs. Owning in California. I am trying to prove to these folks that it is not a forgone conclusion that renting is cheaper then owning in the long term.

Your opinion is anecdotal and assumes that the market where you live is representative of ALL real estate market therefore in ALL cases renting is cheaper than buying over the long term. Here are some numbers for you from my area (Calgary.Alberta, Canada): 1/2 Month resale inventory...

Well that's a simplistic question. MyP&I of 1000$/month on a detached house is about the same as renting an appartment , except that 7 years from now, the mortgage will be paid off, whereas, rent is a forever increasing expense. I wonder what I could do with an extra 1K$ a month at that...

I can live in a house, can't live in a bond. Hardly the same thing. If when you bought your house 20 years ago your mortgage payment (on your 30 year FIXED) represented 30% of your net income, and it still represents the same amount now, then I am sorry for you because you did not get a pay...

I think that what he means is that you can lock the same payment over 30 years whereas as a renter you have no choice but to pay prevalent market rates. Inflation helps the homeowner since the mortgage payment remains the same whereas revenues should increase. So what was once taking up 30%...

You'd be surprised how many people on ET were calling the top of the 'bubble' back in 2002.

Lets not forget that he is in the position to eliminate his mortgage if he downsizes and/or moves to a cheaper area of the country. Living mortgage free for the rest of your life is pretty cool. Living mortgage free in .5M$ home is out of this world. Chick magnet too...:)

The funny thing about people that 'love it' when the real estate market is in a down cycle, ie. renters, is that they are too chicken to buy anything because 'the market is going down', and then, when the market is going up, prices are 'too expensive'. So really, just like I don't take stock...

Get the 2K minimum and pay 1$/per trade at IB rather than 25$/ trade. You don't even have to use the whole 2K for trading, just leave it sitting there in cash and use only 500$.

It all depends when you bought it. If it's gone up 100% the 3 years previous then I can live with a 20% dip. I know in Florida right now, it's a pretty rough market and there is a lot of inventory. But if you owned the house for 2y+ you're still in the black. Plus you're living in paradise so I...

To me the whole point of rental properties is to have someone pay off your properties over a long period of time. So, with that in mind, at some point in time, I will own several properties free and clear. I will either sell these properties and make capital gains or I will keep them as they...

With low interest like we have today you are still building equity, even in the first 5 years. ie: A 25 year mtg of 175K @ 4.85% will build 25000$ in the 1st 5 years. Another great way to build equity is by turning an ugly house into a good looking one. But of course that requires...

I just flipped a house and made 60K in Calgary. It cost me 3 months of interest payments and some elbow work. Now, Calgary is a pretty hot market but it would actually be better if it was cooler because it would involve less risk. IMO houses are great investments because: 1. Leverage...

Web Services have way too much overhead to be used for these kind of applications. (In an application like IB, 99% of the message would describe the schema). So if you want to get your data across as FAST as possible, you need to get rid of the 99% of useless stuff.

Don't shoot the messenger just because you don't like the message.

Brandon, The video does not seem to be available, I get a 'Page Not Found' error. Thanks!