re: #72 Glenn Beck’s Grand Unifying Theory of Obdicut

Financially it makes more sense to rent if you’re in a lot of places, actually.

If I bought an apartment (not that I could) in NYC, I’d wind up paying property taxes + probably a condo or building fee that would come close to the amount of rent I currently pay. Sure, the value of it might appreciate over time but it’s not a liquid asset, and if there was another housing meltdown or if NYC started flooding regularly then the price might drop a hell of a lot.

I think part of it is that owning property is still being sold as part of “making it” in America. Whether or not home ownership is still a good equity investment can be debated — though it’s still used as a major economic indicator as well.