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Real Estate
Reply to "Renting vs Buying in this current market"
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[quote=Anonymous][quote=Anonymous]I think usually you are still financially better off to buy if your mortgage payment and rent would be similar, even with transaction costs and maintenance and stuff. But, finances are not the only consideration. Do you want to avoid all the hassles of home ownership and be able to move around more easily?[/quote] This might not be true in the next few years as rates rise, prices fall and we go into a recession. It seems to me that the people who bid up houses by hundreds of thousands this spring will be underwater for a long time. [/quote]
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