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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]You should not treat your home as an investment - if it works out that way, then you are lucky but too many people have significantly limited there lives by buying just to invest in property and end up unhappy. There are a lot of good answers already, such as the high transaction costs associated with moving, thereby limiting job choices and also causing lost investment opportunities from the costs of home ownership. OP may be surprised that people pay $3K per month in rent (more in my neighborhood), but the mortgage costs in my neighborhood for the same home would be closer to $5-6K per month, so home owners are losing significant investment opportunities. [/quote]
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