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Real Estate
Reply to "No houses - what to do?"
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[quote=Anonymous][quote=Anonymous]Don't do what my parents did. They moved from a lower COL place. They couldn't (or didn't sell) the house there. So they just rented here. They rented for 13 years. The amount of money they lost out on in 13 years for not buying is sickening. [/quote] Buying and selling real estate is EXPENSIVE. Yes, real estate tends to appreciate over time. But the current market growth is not normal and not what people should expect in the long term. Factoring in transaction costs and maintenance costs (which can also be huge) over time, renting instead of buying is far from "sickening." [/quote]
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