Tuesday, November 14, 2006

Buy...Rent....Buy...Rent...

With the hectic pace of real estate the past few years, it seems everyone has an opinion on what to do. While, it's pretty much known that homeownership is one of the keys to wealth, sometimes certain markets may make renting more favorable for the time being. The Fool gives some helpful insight:

"Renting in such a case may be a good strategy. Let's say you buy a house and then have to sell it within two to three years. The various buying and selling costs alone will probably amount to a significant amount of money. Will the house have appreciated enough to cover those costs? It's possible, but not guaranteed. Heck, just as with the stock market, over a short period of time, the value of your investment may even decline."

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