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Old 11-07-2013, 10:39 AM
 
Location: San Diego California
6,795 posts, read 7,274,103 times
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Rising Disparity Between Renters and Homeowners | Sober Look | FINANCIAL SENSE

This article states that renters are falling farther behind due to rising rental costs.
This is just one more indicator that the US is now becoming a two tiered society.
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Old 11-07-2013, 10:45 AM
 
Location: Jamestown, NY
7,840 posts, read 9,170,294 times
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Home owners have always tended to be financially better off than renters, so what's your point?
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Old 11-07-2013, 11:37 AM
 
Location: Michigan
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The article is about the rising disparity between renters and homeowners. So, clearly that is his point. That the disparity is increasing.
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Old 11-07-2013, 12:17 PM
 
Location: Los Angeles (Native)
25,303 posts, read 21,387,412 times
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Quote:
Originally Posted by jimhcom View Post
Rising Disparity Between Renters and Homeowners | Sober Look | FINANCIAL SENSE

This article states that renters are falling farther behind due to rising rental costs.
This is just one more indicator that the US is now becoming a two tiered society.
I found the solution ... BUY instead of rent!
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Old 11-07-2013, 12:29 PM
 
Location: San Diego California
6,795 posts, read 7,274,103 times
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Quote:
Originally Posted by jm1982 View Post
I found the solution ... BUY instead of rent!
Depending on where you live, not always an option.
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Old 11-07-2013, 12:33 PM
 
20,187 posts, read 23,806,587 times
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Quote:
Originally Posted by jimhcom View Post
Depending on where you live, not always an option.
Then move?
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Old 11-07-2013, 12:35 PM
 
11,768 posts, read 10,239,242 times
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Quote:
Originally Posted by jimhcom View Post
Depending on where you live, not always an option.
Depending on where you live, it's not always advisable either.
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Old 11-07-2013, 12:39 PM
 
30,876 posts, read 36,854,288 times
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I'm not sure that there's an automatic cause and effect relationship here. The type of person who qualifies to be a homeowner is often different from the type of person who is a renter (age, income, credit score, etc.).
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Old 11-07-2013, 12:45 PM
 
106,242 posts, read 108,257,613 times
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When i was in school in the 1970's i remember the teacher showing us a graph of inflation trends and then we saw another graph of different activities and what people tend to do for entertainment when inflation picks up.

Well as inflation rose going to the movies mirrored it.

I said ,well there is the proof : Going to the movies causes inflation.

Everyone laughed at my joke but the fact is you have to always look to see it it is a case of the tail waging the dog.

Homeowners tend to have more , tend to earn more and tend to grow incomes at faster rates because they tend to be the more successful group and that is why they can own a home.
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Old 11-07-2013, 12:45 PM
 
Location: San Diego California
6,795 posts, read 7,274,103 times
Reputation: 5194
I think the point the article is making is that there is a growing portion of the population who is being trapped in a cycle of higher living costs and lower wages and that their situation is being made worse by the fact that they can no longer fix their housing costs by purchasing a home vs. renting.
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