Quote:
Originally Posted by mrkajz44
I've never understood the rent vs own argument. Am I crazy, or is it not reasonable to think that the overall cost of renting and the overall cost of owning is generally the same? That is why some people rent and some people buy? Each individual circumstance is different of course, but in the long run, the market is priced as such that you should be indifferent between renting and buying.
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There are other market factors. A lot of people rent, because owning is a huge commitment. You also need to have a down payment. Buying also requires employment and income stability.