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Reply to "Do you know people who have money but aren't buying a home?"
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[quote=Anonymous]I used to believe renting was better. We moved around quit a bit. However, I eventually got frustrated how after moving out of an apartment I never received a check except for the return of my security deposit. Yet we were paying rent that was close or just as much as a mortgage. I then realized we needed to get our sh*t together and save for a downpayment. Or we would never have anything and be lifelong renters. I'm just glad we figured it out when we did. We are paying our mortgage off in 12 years. When we move out of this house we should receive a sizable check from the sale. If anything it's a vehicle for forced savings. We already invest over 100k a year in the market and we need the diversification. [/quote]
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