Author Topic: Wired proposes Rentership. Claiming Ownership a suckers enterprise.  (Read 3370 times)

PichirrePeroContento

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http://www.wired.com/2010/11/st_essay_ownership/
"
We woke up in a Rentership Society, and it’s starting to look permanent. And you know what? Thank goodness. Ownership, it turns out, is for suckers.
"
bald claim to say the least!

iamlindoro

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Re: Wired proposes Rentership. Claiming Ownership a suckers enterprise.
« Reply #1 on: February 15, 2015, 10:50:18 PM »
Yesssss, rent, my pretties!  RENT!!!! 

Why yes, I'd love to show you my available properties...

rpr

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Re: Wired proposes Rentership. Claiming Ownership a suckers enterprise.
« Reply #2 on: February 16, 2015, 12:50:31 AM »
This is an article from 2010.


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aj_yooper

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Re: Wired proposes Rentership. Claiming Ownership a suckers enterprise.
« Reply #3 on: February 16, 2015, 03:59:02 AM »
To a long time house owner, the article makes a lot of sense, particularly in a city.  i definitely agree with the author or renting cars, if you reside in a city too.  Thanks for posting.

Overseas Stache

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Re: Wired proposes Rentership. Claiming Ownership a suckers enterprise.
« Reply #4 on: February 16, 2015, 05:39:59 AM »
As always it just depends on location. I would rent to if I lived in NYC, but not everyone lives in NYC. The author is just blindly extrapolating his experience to the entire United States. Saying renting is always better is just as dumb as saying buying is always better.

2Birds1Stone

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Re: Wired proposes Rentership. Claiming Ownership a suckers enterprise.
« Reply #5 on: February 16, 2015, 08:58:57 AM »
So many variables will effect the choice to own vs rent.

I live on Long Island, here a beat up starter home will run ~$200,000 in a decent neighborhood. Property taxes START at $5-6000 a year. My half of the rent in a nice apartment I share with SO is $550/month. This includes, oil, electric, water, taxes, and cable internet. There is not a chance in the world, that it would make sense for us to even look at a potential house to buy.

I am sure there are parts of the country where owning can be better. Here unless you have a big family and plan on staying for 10+ years. It just doesn't make sense in the current market.

arebelspy

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Re: Wired proposes Rentership. Claiming Ownership a suckers enterprise.
« Reply #6 on: February 17, 2015, 12:58:33 PM »
This is an article from 2010.

And look at how almost anyone in housing did buying in 2010 to today. 

It's one of those times you need to be a contrarian.  They were probably advocating buy in 2006 (a time one should sell and rent).  They were advocating rent in 2010 (a good time to buy).

Wonder what articles they'll come out with this year, 2015.   Consider the opposite and see which would be better.  ;)
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rpr

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Re: Wired proposes Rentership. Claiming Ownership a suckers enterprise.
« Reply #7 on: February 17, 2015, 01:46:54 PM »
This is an article from 2010.

And look at how almost anyone in housing did buying in 2010 to today. 

It's one of those times you need to be a contrarian.  They were probably advocating buy in 2006 (a time one should sell and rent).  They were advocating rent in 2010 (a good time to buy).

Wonder what articles they'll come out with this year, 2015.   Consider the opposite and see which would be better.  ;)
Exactly, I bought at the end of 2010. It was a good time and I have been looking since late 2008/early 2009. The two years of looking allowed us to boost up our down payment.  Prices  have recovered somewhat or are at least stable in our neighborhoods.

jmusic

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Re: Wired proposes Rentership. Claiming Ownership a suckers enterprise.
« Reply #8 on: February 17, 2015, 02:09:07 PM »
This is an article from 2010.

And look at how almost anyone in housing did buying in 2010 to today. 

It's one of those times you need to be a contrarian.  They were probably advocating buy in 2006 (a time one should sell and rent).  They were advocating rent in 2010 (a good time to buy).

Wonder what articles they'll come out with this year, 2015.   Consider the opposite and see which would be better.  ;)

What's your take on the 2015 market?  In California things are absolutely looking frothy again, but in other parts of the country, not so much...

aj_yooper

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Re: Wired proposes Rentership. Claiming Ownership a suckers enterprise.
« Reply #9 on: February 17, 2015, 02:32:40 PM »
For me, the article was about purchasing less stuff and owning less-rentability.

Thus,

"For the rest of us, we’ll always own some things. There’s stuff we use all the time, like furniture and clothing, and objects with sentimental value (take your stinking paws off my Yoda figure with plastic snake). But the Internet is creating markets that enable us to own much less. The winner of the ebook sweepstakes will be the bookseller who becomes a bookrenter. I don’t want to own hundreds of books on a Kindle at $10 a pop. I want to Netflix them — pay for access to every book ever published. I’d rather be a renter in Borges’ library than the owner of my own.

Everything, everywhere, all the time. That’s the dream of the Rentership Society. And we’re almost there. If you want to be able to possess some things, in some places, some of the time, well, keep on buying. But I vote for infinite abundance, on demand. Doesn’t that sound like the new century’s American dream?"

I saw no trying to predict the market, but rather being tired of fighting the depreciation curve in NYC condos for young people.