Delete comment from: Captain Capitalism
Rachel & Robert said...
Of course someone has to own it, or there is no one to rent from.
Renters do pay property tax after all, economics is zero sum. Picking a state/county with low property taxes helps (I pay $525 for a 1,000 sq ft 2-bedroom, not subsidized).
The big advantage to buying is stability. Ask all the old timers from western North Dakota. They decided it was "cheaper" to rent, until the oil boom began and they got priced out of the market.
Jul 24, 2012, 2:40:33 AM