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March 14, 2011 2:55 pm at 2:55 pm
#750049
WolfishMusings
Participant
Any thoughts?
Yes… that you cannot make a general rule about something like this. There are those for whom it is better to rent than to buy, and there are those for whom the opposite is true. Among the factors to be considered are:
Market conditions
Geography
Personal income
How long you intend to stay
Interest rates
Your personal credit
and on and on.
No doubt there are many people for whom it makes more economic sense to rent than to buy. But it’s hardly universally so.
The Wolf