Quote:
Originally Posted by XenChi
If only you knew......  |
You assume I don't know. Your argument holds water only if a person doesn't have to rent and can live free, also assuming they will be happy in an apartment or dwelling that is a rental, also assuming that "free" isn't something nice provided by a wealthy family. The monthly rent gets you nothing but a roof over your head, there is no asset. While one can argue the appreciating value of real estate relative to the dollar over time, if you have to pay for a roof over your head, I still assert you are better off to buy something at the same monthly outlay that you would pay for rent. Of course if interest rates are in double digit figures, that argument changes as well.
John