Quote:
Originally Posted by IllTestYourGirls
Considering it was "home owners" (the bank owns the home, you make payments on it) caused the market meltdown I would say it should be the other way around.
Ironically I own a home (bought a foreclosure) and rent it and rent the place I live in.
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I rent the top floor of a duplex ( 1600 sq feet, front balcony, back 200 sq terrace ) for a low rent.
I own a duplex 2 streets away, and I rent out both units ... To move in one of my unit would implicate an extra 600.00/month for no more confort ...
rent/buy depends on a lot of variables ...