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Reply to "Rent or buy if staying 8 more years?"
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[quote=Anonymous][quote=Anonymous]Renting is throwing your money away for 8 years. You really ought to buy.[/quote] I don't agree with that. Paying interest and pay fees to sell is also throwing money away. Lost opportunity of investment earnings on money that would be a downpayment is also throwing money away. Every calculator I have run says that 8 years is not better to buy. It is better to rent. One even said it would not make sense to buy unless I was somewhere for 20 years. I can't even imagine living in one place for 5...let alone 20.[/quote]
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