Is it just me, or has the media started a BLITZ with "Rent vs. Buy"?
Unless someone is, actually, living in Mom's basement, there are two options when providing a roof over one's head:
A) Rent
B) BUY
It's been this way for a really, really, REALLY long time now.
Interesting, I've never heard peep one from "the MEDIA" about "renting" . . . until only recently.
I would like to think that people, AKA ADULTS have figured out their housing criteria on their own.
But, "the Media" needs to continually spoon feed people. The latest tripe on their MENU: "Rent vs. Buy" -- with a big slab of RENT as the main Entrée.
And they (the "media") NEED to tell the populace this. Why is that?!? Are we all just too stupid to figure out our housing needs on our own?!? [It's called a "Rhetorical Question", BTW]
Whenever "the Media" starts to CHIME IN on a NON-ISSUE, I have to wonder why?
With some of the most aggressively priced properties on the market in a while, with interest rates low, with high inventory -- why the PUSH to rent?!?
Again, RENTING has always been, and will always be one option to providing a roof over one's head.
We didn't need TIME magazine to tell us that. We're ADULTS!! It's ALWAYS BEEN "Rent vs. Buy" It will ALWAYS BE "Rent vs. Buy."
There's a "sell" going on here, and it's NOT a "SELL" to BUY . . . but a "SELL" to RENT!
Got me to think. In the '70's the S&L's had a very similar oopsie. Foreclosures were rampant, just as now. Blocks of homes (in the Los Angeles area) were being scooped up -- and put in to "RENTALS"
Then the programs started, because of this phenom. Programs to encourage home ownership. Getting people to BUY was the mantra.
Could it be that "investor pools" -- which have been formed -- will continue to buy up what they deliberately brought down?
Then, when prices rebound . . . they'll sell.
Investors need one thing in order to complete the equation -- renters! So the BLITZ to rent hits.
I've read too many blog posts right here on Active Rain from member colleagues throughout the Nation reporting how their area has some GREAT properties. We're all scratching our collective heads here. WHY no Buyers?
The age old adage of "BUY LOW . . . SELL HIGH" is overlooked by many would-be Buyers, IMHO. The investors KNOW THIS adage, only too well.
My take is that when prices start to go up again, the investors will try to unload their inventory . . . and once again, Buyers will be MEDIA BLITZED that "NOW" will be the time to BUY! Of course, prices and interest rates will be higher.
The Media . . . a fickle-bitch goddess.
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