COMMENT OF THE DAY: THE RENT RUSH “One of the reasons rents have gotten pretty high in the last decade is people finally realized that owning a house is not what it’s cracked up to be. You can have a pretty decent apartment inside the loop for $2k a month which will only buy you about a $200k house which means you get an old small house between the loop and beltway, or a decent new house outside of the beltway. Also, you don’t start building real world equity in the house until after year 7 and coincidentally average time people live in a house is 5-7 years. Renting also allows for extreme flexibility in case your job changes, you create little clumsy clones of yourself, or simply don’t like changes in your neighborhood. There was a study that showed that during the great recession there was a much higher rate of unemployment in Home Owner vs. Renters because after losing their job, Home Owners either were unable to sell or refused to sell their homes and simply move to an area with better job prospects.” [commonsense, commenting on Houston’s Most Expensive, Deadest Neighborhoods; The $10 I-10 Toll; Drinking from Lake Conroe] Illustration: Lulu