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Real Estate
Reply to "Question for renters..Aren't you tired of paying someone's mortgage?"
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[quote=Anonymous][quote=Anonymous]The reality is that home ownership is a form of forced savings, and as suggested by many posters here, they are renting nicer homes than they could afford buy, thereby losing any potential savings. [/quote] You should go read the "how much do you have in your house" thread if you want to learn about, ahem, forced savings. Also, bankers understand homeownership lasts on average seven years. That's why mortgages are front loaded with interest for seven years. When you sell, you still owe close to the full principle, for seven years. It's a racket, nothing less.[/quote]
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