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Reply to "Renting vs Buying in this current market"
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[quote=Anonymous][quote=Anonymous]We recently sold earlier this month and are renting until we find another house. Sold because we wanted to capitalize in on this market, but it now leaves us in a bind, well not really. Our old rate was 3% and we recently got quoted 5.7% yikes. Anyhow our old mortgage was 3k so we are renting at that same amount. Question for those who intend to continue renting, will you rent forever or do you plan to still buy. I'm thinking renting maybe the cheaper option for us considering transaction cost, maintenance and everything else that comes with a home. [/quote] Is no one worried about capital gains taxes? [/quote]
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