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Old 08-29-2011, 11:35 AM   #18
Rathji
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Quote:
Originally Posted by Tinordi View Post
Only in rare cases is the monthly cost of ownership lower than the cost of renting.
Not even in situations like this?

Quote:
Originally Posted by corporatejay View Post
I think that's being overly simplistic. Someone who owns $1,000,000 home but only has a $200,000 mortgage isn't "in debt", they have a debt, but their assets significantly outweigh their liabilities.
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