It's significantly cheaper to rent a home today than to rent money from the bank to possess it (mistakenly called "buying" by some people").
As a matter of fact, it's not even close - you can rent for pennies on the dollar compared to the cost of buying today.
So, now that home values are dropping, and won't be rising again for years and years, and now that there are millions of unwanted empty homes across the US to choose from, why would anyone consider 'buying' a home today?
January 25, 2007
Posted by blogger at 1/25/2007