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Is it cheaper to rent ?
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<blockquote data-quote="Goldtarget" data-source="post: 593785" data-attributes="member: 2152"><p>Each region is different of course, but in my experience (sample size of 1), 15 years ago, renting was a pretty good deal. Rents were roughly half to 2/3rds of the mortgage payment for the equivalent house.</p><p></p><p>I moved multiple times for better income opportunities, always nice places, either brand new or less than a couple years old, operating bills were cheap, and the terms were good short or long term.</p><p></p><p>The last 5 or so years the scales have tipped locally to make a property purchase much more attractive. We pay at least as much (probably a deal more under current rates) rent on the house than repayments we are in at the moment, and any other options weve looked at are the same equation.</p></blockquote><p></p>
[QUOTE="Goldtarget, post: 593785, member: 2152"] Each region is different of course, but in my experience (sample size of 1), 15 years ago, renting was a pretty good deal. Rents were roughly half to 2/3rds of the mortgage payment for the equivalent house. I moved multiple times for better income opportunities, always nice places, either brand new or less than a couple years old, operating bills were cheap, and the terms were good short or long term. The last 5 or so years the scales have tipped locally to make a property purchase much more attractive. We pay at least as much (probably a deal more under current rates) rent on the house than repayments we are in at the moment, and any other options weve looked at are the same equation. [/QUOTE]
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Is it cheaper to rent ?
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