Mortgage vs Rent

Zimran has an interesting but brief analysis of the housing market in Boston. The linked article has more, including this nugget:

… shortly after 2010, housing prices in most currently hot markets are going to fall off a cliff, as boomers downsize.

I don’t expect that to happen here in Ireland at least. Has it happened already? What about the boomers of the 60s here in Ireland? They’re all living in bigger houses now!

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Donncha

Donncha Ó Caoimh is a software developer at Automattic and WordPress plugin developer. He posts photos at In Photos and can also be found on Google+ and Twitter.

One thought on “Mortgage vs Rent”


  1. If you can; buy your own house. Why pay anybody to live in theirs. You get a tax break and, hopefully, someday equity.

    I own rentals and in all but rare instances, the tennants pay my mortgage and I get the equity. Don’t I sound like a evil person.

    (O.K. I treat my tennants good.)

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