Did you see the article in the Register about rents?
4.2% increase year over year; 11th consecutive quarterly rise over past 3 years and vacancy rates barely above 5%.
When was the last time rents didn't go up? I read about that once every blue moon. How is it possible to argue rent vs buy? There is no logic. Whether you rent or buy, you pay....every month. Every year. From now on. You can build your landlord's equity or your own; it's that simple. Prices don't need to go up to benefit from owning a home. It doesn't matter. You're going to pay either way. Might as well pay your own asset and, if you get lucky, you might just make a few bucks when you do decide to sell. After all, it is still true that more people have made more money through real estate than any other method. How much do you think rents will go up in the next 30 years? If you buy now, your payment can stay the same. At the end of 30 years, it will be zero.
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Rent vs Buy? Give me a break!
