Quote:
Originally Posted by stacey
If it is never cheaper to rent than own why would anyone buy?
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Lifestyle choice. Some people want to be able to do anything to their house/yard that they want. Renters can't convert the basement into a Star Trek theme'd home theater, or double the size of the deck, or plant a back-yard sized garden, or whatever.
Ability. Lots of people can't buy even if they wanted to (bad credit, inability to come up with down payment, etc).
Security. Some people don't like being subject to a landlord.. possibility of having to move even if they don't want to. Or having to wait on the landlord to make repairs.