Quote:
Originally Posted by carrion1928
Are you joking? There are a variety of reasons to rent that have nothing to do with being financially able to buy a house.
Real estate could be over valued and/or declining in value in your area, in which case it's better to rent then buy.
You could only plan on being in the area a short time (less then 5 years)
The opportunity cost might not make sense
There's some math you can do to determine whether it's best for you to rent or buy, but I'm not going into that here. Google is your friend.
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I rent and have always rented. But now I am going to buy a house, withing a year. Just have to decide where. Prices in my area are very hight. A ok 2 bedroom flat goes for $400,000+ and a fairly new house $600,000 and up. As I said, I want a house, so it will cost. If I move I can get a good and brand new house for $500,000.... Just need to convince the wife
