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Reply to "Any other landlords noticing huge drops in rent??"
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[quote=Anonymous][quote=Anonymous]Even with current rates you can buy a whole home for 4k / month. Why would anyone in their right mind spend that kind of money for some run down boomer condo in Montgomery county? You are delusional.[/quote] You couldn't be more wrong if you tried. I did the math on 2-bedroom condo and a home without HOA and the rent vs buy never meet. Withe every year, the gap widens and at the end of 30 years, I could buy two condos cash or two homes. Provided I invest the down payment and all the extra money spent into market. Real estate can double, but the market grows faster.[/quote]
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