re: #447 Gus 802

Renting does make quite a bit of sense for many people rather than buying - not only does it allow for better mobility and ease of transition from one job to the next (don’t have to be tied to a given location should economic conditions in a location founder), but the costs could be significantly less renting versus owning.

There seems to be a growing movement to end the mortgage deduction for interest on the federal tax returns, which would increase revenues and eliminate a distortion of the real estate markets (which is why the real estate market will try and fight it particularly when the market is still a mess and recovering from the meltdown may take still more years in some areas - think Vegas and Florida).

Real estate is an investment that carries risk - and efforts to mitigate that risk have distorted the market even further.