Quote:
Originally Posted by gatorfast
For those who have mentioned rich people renting because they think its smarter, that is absolutely ridiculous. No one would not buy a house because they want to invest instead. If you live within your means you can pay the same amount per month for a mortgage then you would for rent. Also, any true investor would use leverage...take out a mortgage with a low rate and invest the money you have to produce a higher rate of return.
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And now has never been a better time to buy, if you can afford the payment and/or have the cash. There are some sweet deals to be had in this down market, steals if you are a savvy shopper!
John