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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Bonefish who wrote (91274)10/3/2007 4:09:31 PM
From: TradeliteRead Replies (1) of 306849
 
If you understand the meaning of equity and the importance of building it over a long period of time, you will understand what I said. Meanwhile, read some books on the subject--there are plenty out there. I'm tired of people posting statements such as yours directly to me on a subject that a remarkable number of people obviously don't understand.

If you want to collect a lifetime's worth of rent receipts, go right ahead and enjoy yourself. If you'd like to see some of your housing dollars returned at some point later in life, you will own what you live in.

If you only need or plan to live in a place for a few years, renting is good. Geez.......why did I get stuck trying to explain this simple stuff????
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