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March 14, 2011 8:00 pm at 8:00 pm
#750051
Grandmaster
Member
Assuming one has sufficient money/income (and credit) to go either way, the professor’s point was, it still may be better to rent. As Wolf briefly mentioned market conditions and interest rates are a factor. (As well as how long you intend to live there.) So for a high income person with sufficient assets and good credit, under what conditions (other than short-term residency plans) would it be more economical for him to rent rather than buy? (Those cases exist and that is what he was referring to.)