We’re just going to keep repeating “$300 a month” and leave it at that

Posted by Lizzie on 09/29/05

We spend about 8 seconds a day lamenting that we missed out on the Baltimore housing boom. Apparently, we are brilliant.

THE thought has occurred to just about everybody who owns a home in a hot housing market: maybe it’s time to cash out. The hard part is figuring out how to do so. Only a few families can actually pick up their life in, say, California and move it to Nebraska. The other option – renting – has long been derided as the equivalent of throwing money away. But renting might deserve another look right now.

The problem is, we HAVE picked up our life and moved to the equivalent of Nebraska. Does that count?

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Commentary

  1. I am so livid with envy at anyone who is making buckets of money off of their equity that I actually rejoice when I hear of forest fires. I am going to hell, and I am going to rent there.

    Comment by renata dumitrascu — 9/29/2005 @ 4:15 pm

  2. I have no equity. Because I rent, I do not have debt. I think that puts me squarely into the “empty bucket, but no holes” category.

    Comment by Old Hag — 9/29/2005 @ 4:48 pm

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