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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: patron_anejo_por_favor who wrote (84674)8/11/2007 1:04:23 PM
From: Dale BakerRead Replies (1) of 306849
 
Renting also makes much more sense in an overpriced market where even a 20% down payment would leave you paying more interest to the bank than rent to the landlord. The only way you come out ahead is long-term price appreciation, which could be years away here (just down the road from Tradelite, in fact).

I am in exactly that situation now, waiting for more blood in the streets before I even consider buying anything.
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