02-10-2012, 11:26 PM
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#10 (permalink)
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Quote:
Originally Posted by Jeffblue
if you rented for the past few years, you're way better off than if you bought.
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not necessarily. I bought a house in 03, sold for massive profit in 06, bought another brand new but cheaper house with a huge down payment, I clearly saw a bubble about to burst, so despite losing 30% of the (artificially high) market value when I purchased, I was able to refi into extraordinarily low rates, under 4% on a 15yr, so I still came out way ahead of renting a house compared to renting over the same period.
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