Buy to Rent Bubble

Posted on September 2, 2023 by grim

From Visual Capitalist:

The Monthly Cost of Buying vs. Renting a House in America

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68 Responses to Buy to Rent Bubble

  1. dentss dunnigan says:
    September 2, 2023 at 7:10 am

    first

  2. Fast Eddie says:
    September 2, 2023 at 8:36 am

    Train kept a rollin’ all year long! This party is just getting started. Boomer money being handed to the youngins, multiple offers over asking is the norm. Where’s the ceiling? There is none. Muffin Muppet needs that Ridgewood Village and Upper Montclair address! Let it ride! Ba Ba Booyaaa!!

  3. Very Stable Genius says:
    September 2, 2023 at 8:51 am

    The Blendon Township Police have made public the body camera footage capturing the tragic shooting of 21-year-old; pregnant—Ta’Kiya Young in a Kroger parking lot last week. The five-minute video reveals a police officer, standing before her vehicle, firing at Young just 30 seconds into their interaction.

  4. The Great Pumpkin says:
    September 2, 2023 at 8:54 am

    Housing is completely unaffordable. Completely broken.

    Soft landing they said- ROTFLMAO

  5. Fast Eddie says:
    September 2, 2023 at 8:58 am

    $81,000 down and $3,000 per month will get you four walls and a roof. They put Mom in a nursing facility now so here’s your chance at a snapshot of 1972! Where’s the TV Guide? What time does Mannix start? One bathroom only but hey, it’s like getting bleacher seats and telling everyone you were there. Let it ride!

    https://www.trulia.com/p/nj/lodi/21-mary-st-lodi-nj-07644–2006687968

  6. Fast Eddie says:
    September 2, 2023 at 9:04 am

    $415,000, two bedrooms. Is that a stairway to the basement or a ladder? Were some of these rooms converted from closets?

    https://www.trulia.com/p/nj/lodi/69-chestnut-st-lodi-nj-07644–2006690144

  8. 3b says:
    September 2, 2023 at 9:10 am

    Fast: Is it a one or two family, can’t tell with that stairway outside in the back from the upper to lower level.

  9. 3b says:
    September 2, 2023 at 9:17 am

    Fast: Boomers that have money are spending it, not giving it to their kids. They will have to wait for them to pass and get their house, assuming they don’t need a nursing home. Some are figuring out creative ways to steal , oops get access to their parents money.

  10. Very Unstable A.nus says:
    September 2, 2023 at 9:17 am

    A Michigan police officer who thought he was pulling over a reckless driver Tuesday ended up saving an 18-month-old baby who was choking. The ordeal was captured on the cop’s dashcam.

    https://www.usatoday.com/story/news/nation/2023/09/01/michigan-police-officer-saves-choking-baby/70740784007/

  11. Fast Eddie says:
    September 2, 2023 at 9:22 am

    3b,

    The kids are telling the older boomers to “sign here” giving them Power of Attorney. Is there another creative way I’m not aware of? I must stay ahead of the family, wouldn’t want them stealing my measly Shekels. Lol!

  12. 3b says:
    September 2, 2023 at 10:21 am

    Fast: Going through it right now with my wife’s Mom, it’s unbelievable, what some will do. Shocking! Can’t say anymore then that on a public forum.

  14. Phoenix says:
    September 2, 2023 at 12:29 pm

    Pegasus again:

    And days after the attack, the army knew the location of two suspects talking about releasing students who, investigators say, may have still been alive.

    It is perhaps Mexico’s most notorious cold case — 43 college students shot at by the police, forced into patrol cars, handed over to a drug cartel and never seen again.

    The mystery has haunted the nation for nearly a decade. How could a relatively unknown gang pull off one of the worst atrocities in Mexico’s recent history, with the help of the police and the military watching the mass abduction unfold in real time?

    A vast trove of about 23,000 unpublished text messages, witness testimony and investigative files obtained by The New York Times point to an answer: Just about every arm of government in that part of southern Mexico had been secretly working for the criminal group for months, putting the machinery of the state in the cartel’s hands and flattening any obstacle that got in its way.

    The police commanders whose officers snatched many of the students that night in 2014 had been taking direct orders from the drug traffickers, the text messages show. One of the commanders gave guns to cartel members, while another hunted down their rivals on command.

    The military, which closely monitored the abduction but never came to the students’ aid, had been showered with cartel bribes, too. In the text messages, which were caught on wiretaps, traffickers and their collaborators griped about the soldiers’ endless greed, calling them “whores” who they had “in the bag.”

    One lieutenant even armed gunmen connected to the cartel and, a witness said, helped the police try to cover up their role in the crime after the students were kidnapped and killed.

    It has long been known that police officers and an assortment of government officials either helped the cartel abduct the students, or watched the crime happen and did nothing to stop it.

    How the military knew this is now clearer — it was using a powerful spy tool manufactured in Israel, known as Pegasus, to surveil the gang’s members, an investigator told The Times.

    But the military didn’t share the intelligence with officials searching for the students, and there’s no evidence that the armed forces tried to rescue them, according to investigators who have spent years looking into the case.

  16. PhoenixMustAccept HumanNature says:
    September 2, 2023 at 1:54 pm

    Phoenix,

    Pegasus is great. Look who has the info about how corrupted the Mexican government was. It is great that is us, not the Chinese.

    Did you read the part of how the Mexican officials reacted to how bad the corruption was when they were given the transcripts to read at the Chicago DEA office?

    When the government wants to spy on you, they’ll go the really old fashioned way. https://youtu.be/3A_VT9YGA10?si=9vz2_eugaOhz6Rke

    But seriously, the most important thing is that what you should be worry about is if we got OrangeTard/De’Florida Man or any of the assorted losers that could threaten the rule of law system in this country whiel using cute words like “Drain the Swamp”.

    Their actions would fill the swamp and we become just like your post. Fanatics always forget that once the rule of law respect is out, anyone with power of any sort makes deals and eventually you get a Narco State or a Putin State.

    Very Unstable on that post with the cop/baby choking video. The one thing standing out is how they felt that they were going to get shot as they are black once pulled over. Look at the video of the uncle, sitting in the ground with his hands crossed in his head expecting to get pounced/handcuffed.

  17. Jim says:
    September 2, 2023 at 2:18 pm

    PhoenixMustAccept HumanNature says:
    September 2, 2023 at 1:54 pm
    The one thing standing out is how they felt that they were going to get shot as they are black once pulled over. Look at the video of the uncle, sitting in the ground with his hands crossed in his head expecting to get pounced/handcuffed.

    Take another look, and listen to what the announcer is saying, the uncle was distraught and crying, what video were you watching????Both the uncle and mother were beyond distraught, there was no fear of the policeman. Just begging for help.

    As for the rest of your drivel, the Republicans are not the problem, the democrats are with their controlling of the justice system and the two tier rules. Impeach Trump because you don’t like him and lie like a rug. You are such a jerk, you can’t even sign your correct name. Biden is as crooked as they come, selling political influence, just deny, deny and lie.

  18. PhoenixMustAccept HumanNature says:
    September 2, 2023 at 2:37 pm

    Jim,

    Your boy is a criminal and an enemy of the country he swore to defend and take care of. He got charged in 4 jurisdiction along with his spineless lackeys -all that should have known better because they are lawyers – because of his actions. He’s too dumb to know how to actually carry it out and that is the hidden silver lining in the cloud for this great country.

    Do you really think that the leaders of Proud Boys/Oath Keepers and 0ther losers wankers would not have shot up the town, killing innocent people to create their “version” of country? Even now you got the ex-bow tie looser in his twitter account predicting OrangeTreason’s assassination. The only assassin lurking for OrangeTreason is a Cheeseburger.

    What you fail to acquire is that the moment that those poopwits killed someone while trying to create their “version” of the country and the National, State, County & Local Police does not stop them and hold them accountable then we become what the Pegasus intercepts shows.

    Do you actually think that whole parts of Texas are not going to become ganglands? Who do you think actually are the Narco’s footsoldiers? They are mainly Mexican army people that switched side for money. Who trained those Mexican Army special forces – Mainly at the School of the Americas (look it up). Do you think if given the order they are not going to discreetly cross the border and do some heavy damage?

    At the end of the day. Money goes to Power. Power goes to the ruthless and savaged. At present day the ruthless and savaged (as Phoenix points out) is under the control of uniformed officials that are kept as is by duly elected officials in a democratic free election.

    Your demographics by your previous post pegs you as – Boomer that found a way to skip Viet Nam, Hates your family and they hate you too, Lonely and nothing to do except type away 24-7 in many sites’ comments, Can’t wait for the cold hand of grim reaper, but you got to wait a bit longer as he’s busy with Mitch McConnell.

  19. Fast Eddie says:
    September 2, 2023 at 5:38 pm

    PhoenixMustAccept HumanNature,

    Jeez, you’re angry and bitter. And the grim reaper is busy with McConnell? Have you seen Feinstein, Fetterman and O’Biden lately? No, you’re not partial, hostile and biased. Want some Kool-Aid?

  20. Hold my beer says:
    September 2, 2023 at 5:39 pm

    Fast

    I looked at that Lodi house and instantly thought of CCR line “oh lord, I’m stuck in Lodi again”

  21. PhoenixMustAccept HumanNature says:
    September 2, 2023 at 5:56 pm

    Fast,

    Wegovy or Ozempic making your life miserable? Don’t worry you’ll look amazing enough that both South Carolina’s single party boy Senators will make a pass at you. I heard they love manboobs.

    Is funny that you said that. I had a virtual visit with Ms.Cleo and her Grim Reaper connection said that he’s working on the happy people this week. And right to the tune it seems Margaritaville’s Buffet and old New Mexico governor Richardson kick the bucket.

    Maybe the ones you mention will go after that in his “nasty young/nasty old” and “CTE/Meth/Crackhead Poor Kennys” folder.

  22. ExEx says:
    September 2, 2023 at 6:35 pm

    This gentleman opened for Steve Earle when I saw
    him at the Troubadour:

    https://youtu.be/n1V7cjTrhjA?si=VVuwNI0m7CO2aqun

    Dude is legit.

  23. Fast Eddie says:
    September 2, 2023 at 6:41 pm

    PhoenixMustAccept HumanNature,

    What’s the frequency, Kenneth. Lol!! Holy shit! Reading that last post of yours was like watching a blindfolded, drunken monkey careening down a back road after midnight.

  24. Phoenix says:
    September 2, 2023 at 6:57 pm

    Capitalism doesn’t care where the money is made, how it is made or who is tethered or enslaved in it’s pursuit. Communism is driven by a similar need to grasp all the power it can, or it too will lose the Mandate of Heaven.

  25. The Great Pumpkin says:
    September 2, 2023 at 8:52 pm

    Tesla drops new car pricing by almost 40% in less than a year is a strong bullish signal…let me tell ya.

    Tic tic tic…

  26. BRT says:
    September 2, 2023 at 10:17 pm

    Took a trip to Bergen County today. Hit up Bischoff’s in teaneck before it closed. Kinda sad but it’s already an eroding shell of itself. Time to put it out on the pasture. Hiked the palisades with the kids. Did Brooklyn’s in Hackensack for pizza. I was reminded why I will never live there again. 3 near accidents with idiots trying to cut me off with insane moves. It doesn’t help that half of New York apparently moved into Hackensack. Condo/Apartment city all over all that old barron land.

  27. The Great Pumpkin says:
    September 2, 2023 at 10:31 pm

    BRT,

    You knew this was coming. As, fast eddie says, “this place is immune.” Think of it like this, this land is a product of the greatest economic engine on the planet, even better than Silicon Valley because it is sustainable.

    You know I can f up on every investment for the rest of my life, and still die rich because I own valuable high income producing property in clifton, nj.

  28. The Great Pumpkin says:
    September 2, 2023 at 10:33 pm

    With a pension, social security, and rental income….that’s not including any other investment. And you know i invest hard.

  29. The Great Pumpkin says:
    September 2, 2023 at 10:37 pm

    Based on location…clifton is going to be some expensive real estate in the future. Has so many highways and train tracks running through it. So close to the shore. So close to skiing in the winter. So close to 3 huge international airports. And get this…it’s a stone’s throw away from manhattan….the most powerful place on the planet. Did i mention it is the greatest port on the east coast? Like whoa…brush that shoulder off

  30. The Great Pumpkin says:
    September 2, 2023 at 10:38 pm

    Aka buy the chit out of nj real estate this next bust.

  31. The Great Pumpkin says:
    September 2, 2023 at 10:40 pm

    Monmouth has my money for most appreciation.

  32. The Great Pumpkin says:
    September 2, 2023 at 10:42 pm

    If i had to bet on next 20-30 years. It is close to NYC, still cheap, yet, it’s high end with lots of open land. Ripe for growth at the expense of the living standards of the locals. Enjoy those horse farms, about to go the way of the dinosaurs.

  33. The Great Pumpkin says:
    September 2, 2023 at 10:44 pm

    Just remember…mansions used to line manhattan streets. Replaced..

  34. Very Stable Genius says:
    September 3, 2023 at 9:22 am

    Trump pressured and threatened the FED to maintain and increase Quantitative Easing, keep interest rates at zero, and printed trillions of dollars during COVID.

    Frontline: Age of Easy Money on PBS.
    Around the country and across the world, the threat of a recession is looming and economic uncertainty is rising as markets, businesses and individuals adjust to a new reality: the Federal Reserve is raising interest rates and pulling back on its epic monetary experiment that started with the Great Financial Crisis.

  35. BRT says:
    September 3, 2023 at 9:25 am

    oh yeah totally, I so envy the people who bought a brand new condo for 1 million right next to a prison in Hackensack. Life doesn’t get much better.

  36. Phoenix says:
    September 3, 2023 at 10:32 am

    ‘merican capitalism. Haha:

    Texas mogul is branded ‘treacherous’ over ‘deal of the century’ which saw him sell 130,000 acres of farmland to Chinese billionaire
    David Frankens, of Lufkin, East Texas, has sparked fury among local ranchers after he sold swathes of land to Sun Guangxin, a former Chinese military captain
    Local realtors claim Frankens made ‘millions of dollars’ in profit from the trades, in which he would buy the land before selling it on to Sun within the same day

  37. Phoenix says:
    September 3, 2023 at 10:39 am

    Trump pressured and threatened the FED to maintain and increase Quantitative Easing, keep interest rates at zero, and printed trillions of dollars during COVID.

    Problem is the money never made it to Main street, it all went to Rodeo Drive, angering average folk (who got drunk on Bud Light while it was still okay to purchase) who then got in their Ford F-150’s for a ride to the Capital to complain.

    With no solid plan in their heads, they went there to make noise and take selfies, putting themselves in prison for no reason at all, never knowing that their adversaries were behind a 1 1/2 inch door and they could have gotten to them like fish in a barrel as their handlers weren’t prepared.

    Now the American economy is porpoising along with it’s stability in the world.

    Jesus ain’t getting you out of this one. Boomer dun goofed.

  38. 3b says:
    September 3, 2023 at 10:40 am

    BRT: Bishoffs closed last year, and then reopened this past May.

  39. Phoenix says:
    September 3, 2023 at 10:43 am

    BRT says:
    September 3, 2023 at 9:25 am
    oh yeah totally, I so envy the people who bought a brand new condo for 1 million right next to a prison in Hackensack. Life doesn’t get much better.

    Who needs a house out in Hackensack, is that all you get for your money. Haha.

    Who would have thought Billy Joel could have been a prophet?

    It’s even worse Billy, you don’t even get a house. Just a condo.

    Haha.

  40. Fast Eddie says:
    September 3, 2023 at 10:49 am

    Trump pressured and threatened the FED to maintain and increase Quantitative Easing, keep interest rates at zero, and printed trillions of dollars during COVID.

    Thank goodness the Inflation Abduction Act fixed it.

  41. Phoenix says:
    September 3, 2023 at 10:50 am

    So sayeth the shepherd, So sayeth the flock -Happy Sunday, now go shoot it out:

    The Methodist group which owns much of the property on the waterfront has long had an uneasy relationship with its more secular neighbors and was successfully sued by a lesbian couple in 2007 after it refused them a permit to get married on the boardwalk.

    The design of the $1.3million pier infuriated some when it was unveiled in 2019 as a replacement for a pier destroyed by Superstorm Sandy in 2012.

    Presbyterian Pastor Douglas Grote described it as another example of the ‘holier than thou kind of bullying we’re all familiar with here in what some call God’s square mile.

    ‘I fear that my faith’s lovely cross may soon become as toxic as a Trojan horse for Ocean Grove, Asbury Park, and all of New Jersey,’

  42. Phoenix says:
    September 3, 2023 at 10:52 am

    Religions are just organized crime syndicates.

    Every last one of them. No exceptions.

  43. 3b says:
    September 3, 2023 at 10:58 am

    Phoenix: Hackensack is the new Hoboken, the developers even have a tag line/ marketing line for the new Hackensack. “ Meet me in the Sack”.

  44. NJCoast says:
    September 3, 2023 at 11:04 am

    As a teenager it was always fun to sail our Hobie Cat onto the Ocean Grove beach on a Sunday morning and watch all the religious zealots running with their whistles blowing to run us off the beach.

  45. Phoenix says:
    September 3, 2023 at 11:09 am

    NJCoast says:
    September 3, 2023 at 11:04 am
    As a teenager it was always fun to sail our Hobie Cat onto the Ocean Grove beach on a Sunday morning and watch all the religious zealots running with their whistles blowing to run us off the beach.

    Are you not a religious zealot yourself- or are you a religious zealot torturing zealots of other religions for fun?

    Because if you are, that’s not very Godlike of you. Makes you a hypocrite.

  46. Very Stable Genius says:
    September 3, 2023 at 11:09 am

    But all billionaires doubled their wealth during Covid.

    I guess that’s what Gary has going for him.

    Phoenix says:
    September 3, 2023 at 10:39 am

    Problem is the money never made it to Main St

  47. Phoenix says:
    September 3, 2023 at 11:11 am

    Yeah, heard that. But it is within the nuclear blast zone of an attack on Manhattan.

    I guess the eastern view might be nice for a millisecond or two.

    3b says:
    September 3, 2023 at 10:58 am
    Phoenix: Hackensack is the new Hoboken, the developers even have a tag line/ marketing line for the new Hackensack. “ Meet me in the Sack”.

  48. Phoenix says:
    September 3, 2023 at 11:17 am

    Had a talk with one of our young’uns the other day, pretty little thing.

    I like her, she is charming, with a cute smile.

    She tells me ” I’ve only been here one year, my face is changing, I have pictures and they look so different.”

    I told her ” just wait and see what you look like after five years, or better yet, become a teacher, get a 7-3 workday, no weekends, no holidays, summers off, wear nice clothing, no blood on you, no chemicals, less stress, a real pension to boot with better healthcare coverage. Why you do this is beyond me. GTFO while you are still young.”

    I truly hope she listens.

  49. 3b says:
    September 3, 2023 at 11:26 am

    Phoenix: We are bleeding wealth here. You should probably grab one or two of those Hack condos while you can. You will be set!

  50. Fast Eddie says:
    September 3, 2023 at 11:31 am

    But all billionaires doubled their wealth during Covid.

    They certainly increased their wealth thanks to the Trump economic plan. We all benefited, for sure. I got a one off bonus and 8% raise just before covid arrived. My yearly bonus was 12% and I refinanced to an uber low rate, thanks to all engines firing until the vegetable was elected and the shit hit the fan.

  51. Fast Eddie says:
    September 3, 2023 at 11:35 am

    I meant to say, “When the vegetable was ‘appointed'” but it’s sort of implied.

  52. Phoenix says:
    September 3, 2023 at 11:42 am

    I got back problems from turning patients all day, had to train kids that were terrorized right out of school so they didn’t panic, got to wear the same mask day after day that was so restricted my lungs have never fully recovered.

    Trump was so helpful to me. Like a pile of dog shite. Demented Dolt in place now just another steamy turd.

  53. Phoenix says:
    September 3, 2023 at 11:43 am

    3b says:
    September 3, 2023 at 11:26 am
    Phoenix: We are bleeding wealth here. You should probably grab one or two of those Hack condos while you can. You will

    I know, I should have bought in the pre- built era.

    Then I could have flipped it for a profit.

  54. NJCoast says:
    September 3, 2023 at 11:44 am

    Lighten up Francis. No religious zealot or hypocrite here. Don’t practice any religion. Beaches are for everybody to enjoy, headed there now. Enjoy the holiday weekend all!

  55. Phoenix says:
    September 3, 2023 at 11:46 am

    Nj Coast.

    +1 for the reference. Haha.

    Have a fun day. I will be working. Don’t do anything stupid, no one at work today wants to see your naked body.

  56. Phoenix says:
    September 3, 2023 at 11:47 am

    Sgt. Hulka.

  57. Phoenix says:
    September 3, 2023 at 11:51 am

    Too bad I wasn’t a teacher. I could be dipping my toesies in the Wayne pool today with all of the other teachers.

    And hooking up with my students.

  58. Phoenix says:
    September 3, 2023 at 11:54 am

    Haha. And I thought Englewood was an exclusive area. At least he was using an electric scooter, it’s better for the environment. Guess he cares about all things natural. Haha.

    Man Masturbates In Front Of Woman At Englewood CVS, Flees On Electric Scooter
    Authorities sought the public’s help identifying a bearded man who masturbated in front of a woman in an Englewood CVS and then fled on an electric scooter.

  59. BRT says:
    September 3, 2023 at 12:20 pm

    3b, they are closing again. Today is the last day.

  60. 3b says:
    September 3, 2023 at 12:22 pm

    BRT: Did not know that. Doesn’t make sense, close reopen for a few months, and then close again. I guess they decided to give it another shot, and it did not work out.

  61. BRT says:
    September 3, 2023 at 12:26 pm

    The ocean grove on Sunday thing was why I started going to Asbury. We couldn’t get on Ocean Grove and it was 10:30 am. We just walked to Asbury and it was $10 for my whole family to get on. So now, we just park for free in Ocean Grove and head over to Asbury.

  62. BRT says:
    September 3, 2023 at 12:28 pm

    If you go on their facebook, you’ll see why. They tried to “reimagine it” but basically just partnered with another guy for food. It had no old school charm anymore. Looked more like a pop up restaurant. The ice cream was the same as it always though, super high quality. I think they should just keep making it and sell it in a freezer in one of those bakery’s on Cedar Ave.

  63. Fast Eddie says:
    September 3, 2023 at 12:33 pm

    So now, we just park for free in Ocean Grove and head over to Asbury.

    Same thing with Avon and Bradley Beach. Walk along the beach from Bradley into Avon and it goes from casual and enjoyable to a packed beach in Avon. I guess Avon is for the pretty people and Bradley is for the more deplorable types.

  64. BRT says:
    September 3, 2023 at 8:54 pm

    Going back to the CTE discussion, the person I knew with CTE who played in the NFL just one year passed away this week, 65. The sport has been statistically proven to take years off your life. I love watching it, but I would never let my kids play it.

  65. Phoenix says:
    September 3, 2023 at 9:06 pm

    ‘We need a miracle’: Family of 17-year-old high school QB plead for prayers after he collapsed on field suffering a ‘significant brain bleed’ moments after tackle and was rushed to the hospital.

    Mason Martin collapsed during the third quarter of a high school game after a hit
    The senior, 17, suffered a ‘significant brain bleed as well as a collapsed lung.

    Mason Martin, 17, has been left fighting for his life in hospital after suffering a significant brain bleed and collapsed lung, his family said.

    Referee Mike Vasbinder stopped the game between Karns City High School and Redbank Valley on Friday after he noticed Martin staggering, according to the Butler Eagle.

    During the third quarter of Friday night’s game, Martin was involved in a hit and had continued to play defense without issue before leaving the field for the extra point.

    He returned to the field for the return kickoff but before play started, Martin was seen staggering and wobbling.

  66. BRT says:
    September 3, 2023 at 10:22 pm

    3b, yeah, they were trying to reimagine it but the charm was in its nostalgia. What they were trying to do just wasn’t going to work.

  67. Readddude says:
    September 3, 2023 at 11:07 pm

    Crappy graphic. Needs to be log on y axis. Things are no where as bad as 1980s.

  68. BRT says:
    September 4, 2023 at 4:20 pm

    Nothing like using logarithms to fit your perceived narrative

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