Tuesday, January 31, 2012

Clipping: January 31, 2012

From the Denver Post:

Ryan McMaken, economist and spokesman for the Colorado Division of Housing, said the Alliance approach to today's rent vs. buy mentality makes sense.

Some high-end renters prefer the added amenities — swimming pool, clubhouse, security and well-equipped gym — that come with the monthly rental price. Others don't know whether a job transfer will take them out of the market. "They don't want to get too attached to a property," McMaken said.

And then there's the whole issue of the flat housing market and the potential of not being able to get the money out of a house that the buyer puts into it.

"If you bought a house in '08, it's going to be several more years till you get back your money as far as equity goes," McMaken said.