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I think you need to separate the areas like CA, NYC, Miami, etc. from the rest of the U.S. when forming your opinions. Here in mid-Missouri there is not such a huge disparity in costs between renting and buying. As for the investment portion I just see it as part of my retirement. My house will be paid off so housing costs will not be a factor. A renter can't make the same claim unless they have set enough aside to either keep paying rent or buy a house. Most of the people on this board make more than the average person who is not able to put that much money aside.
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Kurt V
No more Porsches, but a revolving number of motorcycles.
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