Originally Posted by miatapaul
I know lots of people who could buy a house and rent instead. They would rather put there capitol into something that produces income, and have the flexibility of being a renter. I have one friend who "owns" several buildings including houses, but rents in area due to the schools. He did not want to buy just for the 6 years he would have kids in the school. It is over an hour away from his main business that he needs to be at 6 days a week, so once his youngest graduates from high school he will move back upstate.
Real estate is generally a bad investment, so it is not unreasonable to rent even if you have the money to buy.
Changing investment models aside, I still support that the General
View from landowners toward liveaboards is not very positive since we are not investing as they are, into their area. Yet, their perception is that we can afford to more so than apartment renters.