Quote:
Originally Posted by beemk
When interest and taxes cost more than rent would cost on the same place you would be stupid to buy.
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Compare apples to apples, renting or buying a $200k house for example, with 10-20% down your interest on the balance and taxes won't be that high, to rent the same house would cost you about the same.
Landlords don't lose money every month for a reason. Taxes, interest, hoa, etc etc are all factored into the rent.
If you move around all the time then sure renting makes sense, for those staying 5+ years the buying is usually the better choice.