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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Freedom Fighter who wrote (78439)	3/23/2000 10:43:00 AM
From: BGR	Read Replies (1) \| Respond to of 132070

Wayne, Perhaps you are proposing some sort of an weighted average? Over the long run, that of course will be a moot point, because of the leveling effect. Over the short run (a decade, say), I prefer rent to mortgages, as increased housing price affects owners to a lower extent than renters as the owners can either pass on the increase in property tax or were already enjoying a substantial premium in the rent over the mortgage and property tax combined. Lower housing prices rarely get passed on to renters. -BGR.