Quote:
Originally Posted by trilinearmipmap
For now it makes more sense to rent than to buy. That alone should tell people that real estate prices are out of line with reality.
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When did it ever make more sense to rent than buy?
When the price of property is high that cost is passed on to the tenant.
While the price of buying may be high, the cost of renting is much higher when you take into account that you have zero return on the money you put out as a renter.
If you buy at these prices and take a mortgage on the new outragous 40 year term........ You can still have a renter live in this place and make the mortgage payments for you.
Too many people have missed the chance to become a home owner while waiting for the next crash IMO.
