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Old 03-10-2007, 11:14 AM  
Ramster
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Location: Ottawa, Canada
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Buying a house is an investment because 90%+ of people who do not buy a house do not invest properly so when they are 50-60 years old they have nothing (or not enough). If they had bought a house it would be paid off and they'd at least have that.

Sad fact is most people spend what they make and save very little. A house for some i sat a least a guarantee of "saving".

If you are single or have no kids then rent saving $500 a month compared to owning with taxes and everything and invest that $500/month and in 25 years it will be worth a hell of a lot more if invested properly than any home would have been.
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