I’m renting currently, and pulling in a six-figure income. There are huge swathes of high-end luxury apartments all over the North Dallas area, aimed at high-income people, with Garden Tubs, vaulted ceilings, high-end appliances.
You might want to find a narrower brush for that picture you’re trying to paint.
True. Some people rent because they are may be an area short term (less than 5 years) and buying is economically unfeasable. You rent by choice, not economics. I could be technically classified a renter since I have an interest only loan for my current home.
Yeah, I hope he didn’t strain himself lifting that brush.
I rent because the home I own, and that is currently paid for, is in the country and I have to live in town for health reasons. I’m hardly poor. I choose to rent b/c I’m a senior citizen and I’m not into lawn mowing and other “house” projects.
By the same token, I fail to see why I have to lose money on interest income because the Fed wants to cut rates so that more unqualified people can buy a house they can’t afford and why I should care about bailing out these fools.
Let ‘em sink or swim on their own. Maybe they’ll learn something in the process.