The argument renters vs. owners can go around in circles forever. They both have good points. I may be biased as I currently rent, due to me being younger and would prefer to save up preferably 50% down deposit so I can still afford the lifestyle I have. I have been investing the money I've saved each month compared to what I would be paying if I had a mortgage. My savings has gained 15% interest since the beginning of the year. Has the housing market raised that much since then? Probably not.
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