Quote:
Originally Posted by IllTestYourGirls
It is almost always cheaper to rent than to own. I rent right now, and if I were to buy the house I am renting I would be paying close to double what I am now. How? Because the landlord bought the house years ago and has a low payment. That is the case with most houses for rent.
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No it isn't the case with most houses for rent.
Perhaps that's true in your area, for now, but that scenario will never hold up long term.
Otherwise owning rental property would be a horrible investment. You're supposed to take a loss on the rental for the first 10 years until the market catches up with you?
Hogwash.
Right now there are alot of areas where the housing bubble has yet to pop, and housing prices aren't in line with market fundamentals (average income for the area, average rent for the area, etc) but those things will all line up eventually.