Quote from: psahx on August 04, 2014, 10:26:04 PM

Quote from: repairguy on August 04, 2014, 05:47:11 PM

There are alot of reasons people rent instead of buy. They are usually not logical. I could put a valid argument for each example you gave. I can't say that I have traveled outside the usa at all, but you can't say that people who have 6k worth of mining equipment are disadvantaged. I bought my first house for less than that.

By no means do I have a poor perspective on people in the usa. In the us anyone can get a house loan, and again the loan payment and insurance will always be less than rent. If for some reason the market crashes and they have cheaper prices, you can walk away without penalty. Situations in other 1st world countries are probably similar. For the 3rd world countries, they barely have electricity and internet, I don't think this discussion really applies to them.

You are indeed one ignorant person. You know shit about life, particularly outside the block you live in.

When you refer to a 3rd world country, take a note, that there are all beauties of modern civilization in there. Maybe even more, than in US. The key difference from developed countries is, that the middle class is almost disappeared in 3rd world countries and the rich are getting even more wealthy by abusing and enslaving of those in poverty. Believe me, you will not trust your vision, if you see those castles engraved in gold the rich people in developing countries live in. Their vehicles, also covered in gold or other precious metals. And army of slaves, behind them...

This is in Brazil, for example:

Regarding renting or buying a house, have you considered about the fact, that 30% of US population has a bad credit history or a bankruptcy, hence they can not get a mortgage loan? Educate yourself a bit, before making those hilarious statements...

https://www.nmhc.org/Content.aspx?id=4708

I stated earlier I wasn't very familiar with things outside the usa. Everyone is twisting my words. 30% of the usa has shit credit, yes, but FHA will give anyone a loan. I also am talking about people who sit on 6k worth of mining equipment.