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Replying to Avatar Den Yellek

Where I live paying just the interest component of the mortgage is more expensive than paying rent on a comparable house. Then add on top of that taxes and costs associated with owning a house and it comes out significantly worse.

You are gambling that house prices will raise faster than you are losing money in ownership and interest repayment costs.

That being said I still find value in owning a home as it gives you and your family stability which is worth a lot.

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Laeserin 1y ago

Yeah, your RE market is infamous.

That said, there are only homes for sale, in the area where I live. None for rent.

If you can't buy, you have to vacate the entire region. This is increasingly common, I think.

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