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by seanmcdirmid
1463 days ago
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No, it is around...a third where I live maybe? Or maybe a 4th of what rent would be like. But I can always sell/downsize and retire to somewhere with cheaper property taxes, which is something I couldn't do renting. Rents don't do that. But watch the rent to home price ratio. There is definitely a point where renting just makes more sense, like when I was paying $1000/month on something that the landlord was trying to sell for a $1 million. Ya, buying in that case would be purely for speculation. |
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