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Reply to "Is the delta between renting & owning now so high that it really just makes sense to rent?"
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[quote=Anonymous][quote=Anonymous]OP of the thread here. I'd love to see some examples. I found these two in Somerset (CCMD): Rental: 4BR/3BA, 2600 ft, listed for 160 days; $5500/month https://www.zillow.com/homedetails/5512-Uppingham-St-Chevy-Chase-MD-20815/37174432_zpid/ For sale: $1.6m (price will escalate IMHO...just posted yesterdat), 4BR/3B, 2400 sq feet; PITI with 20% down: $10K/month https://www.zillow.com/homedetails/5401-Uppingham-St-Chevy-Chase-MD-20815/37174470_zpid/ Delta (ie, ownership premium): $4500/month or $54,000 per year Imagine having not only your $320000 down payment in a monet market account making 5.3% risk free, but also saving an additional $54000 per year. Renting in Somerset is a no-brainer.[/quote] Not just in Somerset, pretty much anywhere in the DMV right now. People who push for buying in most cases did not actually crunch the numbers. It is pretty eye opening when you do that. [/quote]
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