Quote:
Originally Posted by fishtank
That depend on your down payment and mortgage and the cost of repair and maintenance and property taxe$$$$ etc...) vs rent amount
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When you rent, you are not gaining equity. When you are paying into a mortgage, you are.
Does anyone know where rent is less than what the mortgage is worth? Last time I checked landlords aren't interested in charging less rent than what they are paying on the mortgage / property tax.