Quote:
Originally posted by Kimmykim
Renting isn't always a bad deal, I'm not sure why people think it is automatically. What you pay in rent, versus what you'd pay in mortgage, tax and insurance, to live in a particular area doesn't always make renting a bad deal. And if you live in an area where the real estate prices are volatile, or the market is nearing a bubble burst or other downward factors, you can sometimes be just as well off renting as you would buying.
|
never true in the long run
if you pay $1000 in rent for 20 years , you have nothing
if you pay $1500 in mortgage tax and insurance for 20 years you will have SOMETHING even if your property has lost value