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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Tradelite who wrote (145257)1/22/2002 5:55:55 PM
From: benwood  Read Replies (1) of 436258
 
When I was vacationing in Vancouver, B.C. a few years ago, I read an article about a length study of home ownership which concluded, at least in Canada at that time and with their assumptions (reasonable), you were somewhat better off renting in perpetuity. The difference was not trivial, although in reality you should associate some price for piece of mind (if you get that as a homeowner). The tax laws and housing market in the US are different, of course, so the results of that study don't translate across the border evenly; however, it is food for thought. Considering the cost of buy/sell (up to 10% or so, or more in states with a high excise tax), buying and moving each 7 years costs a lot of dough.
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