Quote:
Originally Posted by Taz's Master
How long do you plan to live there? How much equity will you build over a decade in your apartment? How long will your rents equal today's mortgage + property taxes? You can get burnt either way, but when the monthly payments are a wash, every dollar of principle you pay down and every dollar of the home's value increase is improving your personal equity.
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Until prices crash.
These are people who saw what happened on 07-8 and don't want to get hit the same way. Renting allows them to walk away.