Still Renting

Credit Crisis Review: ARMed for Failure

I blame the consumer. The reason? I rent because there is no way I was going to compete with what others were doing to buy a home. Meanwhile, I rent at 1980s rental costs. It was a no brainer, really.

Truth be told, if I had known this bubble would go up as much as it did, I still would have bought early on and then just sold last year. I suppose these things always take a bit longer to get here than you expect.

Credit Crisis Review: ARMed for Failure

I expect a lot of people who CAN make their payments to stop making them anyway in some states. Sure, you sour your credit rating, but with a few months-years of free rent and losing the albatross of being upside down to the tune of hundreds of thousands of dollars can make up for a damaged credit rating. Significantly so.

Shoot, you can just pay CASH for your next house...