Maybe by 2014 everyone will be sick of these ubiquitous infographics, but for now they’re everywhere. And not everyone is improved by the addition of spurious graphics. Realtards aren’t the only ones out there giving out self-serving information while suggesting they’re helping you. Homebuilders also play many of the same games we know and love. Here’s a fun infographic, if by “fun” we really mean “see how much fun you can have spotting all the misleading information in one image.”
Not only is “Myth One” a real hoot in the Bay Area (let alone the Real Bay Area), it isn’t even true without all the special pleading for tax exemptions and future streams of payments and other sneaky accounting tricks. Remember, Richard Florida pointed out that in Opposite of the Real Bay Area, it’s actually cheaper to buy than rent, as in monthly payments there are lower than monthly rents. Why? Because everyone who wants a house has bought one, so there are few potential customers. In the RBA, lots of people want to buy but can’t afford to, so prices stay high as they save up until they can.
We don’t even want to mention that unlike the Bay Area, there are many places in the US where it’s very difficult to rent a typical single family house, so comparative rent vs buy is almost impossible. Perhaps more people would rent if they could get a house instead of an apartment.
What’s your situation? Do you live in a SFH, a townhouse, or an apartment? Do you own or rent? What do you think if this silly poster?
Oh yes, NOW IS THE TIME TO BUY! NOW! NOW! NOW!