Quote:
Originally Posted by Radley77
It is moreso that the mortgage carrying costs (taxes, interest to the bank, maintenance, utilities) is significantly more expensive than renting. Therefore the benefit of building equity is relatively gone. In fact, if you invest the difference between renting and buying, you'd be significantly ahead over 30 years by renting.
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Over 3 years maybe. 30, not a chance. That defies experience. Unless you figure we're all going to be living in pods or something.