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To: nosofar
Until rents equal mortgage payments a la 20% down 30 year fixed, it will be cheaper to rent. Why pay more, especially when home prices are falling off a precipice?

Things that make you go hmmmm. No repairs. No paint jobs. No termite damage to worry about. No roofs to repair at 10 grand. No expensive plumbing problems to finance. No cesspool problems to pay for, No heater breakdowns to pay for. No AC breakdowns to pay for. Nor Hurricanes, tornadoes or earthquakes to worry about.

Renting is a DREAM in this market. It's 50% cheaper, and without all the risks listed above. A no brainer in my book!

233 posted on 04/08/2006 6:44:45 PM PDT by Concentrate
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To: Concentrate

Well I finally go to the end of the thread and found a comment I can agree with. (yes that's a preposition at the end of my sentence) I did this in the 90s VA DC burbs. Rented a little tenant house until I bought a house I could afford in '98... and the value has tripled in the last 8 years. When I get ready to leave this area my only hope is that it holds the value.


236 posted on 04/08/2006 7:27:18 PM PDT by chalkfarmer
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