re: #458 Gus 802

So much of the decision to rent/own depends on local conditions. Too many stories about how to decide whether to buy/own is done with a national view and that just doesn’t work.

What may make sense in the NYC metro area wont work in NV or FL because of the pricing and valuations.

You have to look at the cost of renting vs owning for the time frame that you intend to own/rent to see which way will make sense (including carrying charges, lost opportunity costs, potential profit, increased principal, etc.)

It may make sense to rent in a short term situation because of the continuing issues with real estate (including access to mortgages, interest rates, job insecurity, etc.), but for those with stable jobs, income, and sufficient nest egg, buying would make sense because prices have declined and opened up buying opportunities. Just depends on your time frame and outlook.