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Bringing together leading experts to discuss credit, loan, debt and identity theft topics, CreditBloggers provides readers with unique insight and straight answers about the financial world.

Funny Money Friday: Are You An Angry Renter?

Posted on 04/25/2008 14:41:48 | Link | Post Comment

Money doesn&39;t have to be boring! Each week, CreditBloggers.com takes a look at the lighter side of the personal finance world in a series called Funny Money Friday.

There was a time around 2005-2006 that anyone who wasn&39;t buying a home was called a "chump." I remember being harangued by friends with newly acquired real estate licenses and 28 year olds with four investment properties: "Housing prices will never fall!" and "You&39;re throwing your money away by renting."

Now, a couple of years and one credit crunch later, I feel somewhat smug about my decision not to invest in a $700,000 1 bedroom apartment.  That particular bubble wasn&39;t too hard to spot.

The bailout of homeowners with my tax money, while I understand it from a save-the-economy perspective, does irk me a bit. And it turns out I&39;m not alone. A website called AngryRenter.com is leading the revolt with a YouTube video and a petition:

AngryRenter.com is sponsored by Freedom Works, a group that campaigns for smaller government, deregulation and tax cuts. It&39;s not an organization I regularly support - I kind of like the fire department and the FDA -  but I do have to give them props for a clever campaign that cuts straight to the bone.

Emily Davidson – A former TransUnion insider and a member of Credit.com&39;s expert team. Emily writes about credit reports, credit cards, loans and personal finance as the CreditBloggers.com editor.

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