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Real Estate
Reply to "What if we just rent for the long haul..."
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[quote=Anonymous][quote=Anonymous]Buying makes sense from putting down roots, customizing the home, buying in a neighborhood where there are no rentals, securing access to some target in boundary school. It does not, in many cases, make sense from a making money standpoint. You are betting on the local real estate market beating the stock market. Doubling your money in 10 years is 7% annual growth. Yes yes i know taxes etc but its easier said than done to find a house thats literally doubled in ten years. Some markets have this, yes. But most markets are not like this. [/quote] Yes. And even if the prices double, there are many costs accumulated over the years of owning that most people tend to ignore when boasting about the great profit they made on their house. [/quote]
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