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Real Estate
Reply to "Are buyers still buying?"
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[quote=Anonymous]When the rates were very low, it was actually cheaper to buy than to rent, with the tax benefits of ownership. But if the house price is high, interest rates are high, cost to repair/replace things are high, it is much cheaper to rent. If I pay $20-$30k/yr to rent, I have no repair costs or upkeep costs, more free time and I am able to travel easily- lock the door & leave. Like other pp, I am waiting to find the right house at a fair price. ( If you paid $500k less than 2 years ago & did nothing, then put it on the market now, I will not buy it & neither should anyone else)[/quote]
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