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Real Estate
Reply to "What if we just rent for the long haul..."
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[quote=Anonymous]Renting is the financially better option right now. People with 30 year mortgages aren't building any meaningful equity, and if you pay cash, you're foregoing easy 5.5% interest in a money market account. Barring any big changes in the market, we are planning to sell our townhouse next spring, and return to renting in a different area. We just can't make the numbers work on buying, no matter how hard we try. But everything goes in cycles, so when this bubble passes, we'll reevaluate. Might be two years, might be ten years -- makes no difference to us. We have no problems renting.[/quote]
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