Quote:
Originally Posted by dinamix
bottom line..
only buy a home if you can make a profit on it or its 25% or under market value. otherwise youll get raped by interest payments. it takes an average of 30 years for a normal working person to pay off a home. just rent and save some money on the side for 30 years and buy a home with straight cash when you have enough.
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I can understand the logic behind saving for 30 years and then buying with straight cash, but a lot of people's circumstances change in those years, such as having kids, etc...