Quote:
Originally Posted by sonick
The key fundamental that changed from 10 years ago was rent prices relative to housing prices was much lower back then. That in conjunction with a possible drop in the housing market did make sense back then.
However over the years rent prices went way up and housing never really dropped significantly, which made rent+invest a less effective strategy than putting it into a down payment and paying a mortgage.
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There's 2 ppl that posted comments that struck a cord with me.
One person, who is still active on RS talked about how great it was to rent etc... ended buying a house.
Second person was 4444 and the comment about what LL doesn't want a business professional who gives them 12 post-dated cheques in advance.
Curious if he is still paying 2012 rental prices (+2% year rent increases of course) or did he change his tune and buy a place in VAN.