[nosofar]

If you don't have cash, RENT.

If I didn't already own a condo, I'd be renting. The rent is quite a bit less than the mortgage would be for a new home, which is nuts.

[Concentrate]

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!