Originally Posted by Peaches

What if you live in an area where the houses are overpriced and you can rent for LOT less than you can buy? When I was visiting someone in OC once, the house next to them was on the market for $750K but you could rent a house in their neighborhood for $2K. Had someone renting bought that $750K house, not only would their monthly payment have skyrocketed but right now the house is probably selling for $500-600KK so you would have taken a total shit hit just to say you weren't renting.

Plus having it in a MM while not paying great interest is at least FDIC insurance in these days of shakiness AND easily accessible.

The BIG problem is when people are renting AND don't have $50K in the bank. That's when we go to the "poverty" thread here.