Quote:
Originally posted by Alex from Montreal
Not necessarily. Smart money says you will be better off renting an apartment and investing the difference between the rent you pay and the total monthly cost of owning a same size apartment.
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Ding ding ding!
In some places, real estate is just rediculous.. example: here in San Diego, prices are just out of control. To "own" my condo, mortgage+homeowners+insurance would be about $7500/month. Rent is less than half that. I can earn much more on my money by investing.
Nothing is applicable 100% of the time..