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rental rates are exactly the same thing as interest rates (+/- wear and tear and so forth). what you retain in equity, you would equally retain by simply not pa
by ouid 9y ago
rental rates are exactly the same thing as interest rates (+/- wear and tear and so forth). what you retain in equity, you would equally retain by simply not paying into some other investment. There's nothing special about owning your home, there's no arbitrage to be had beyond the MITC.
- vonmoltke 9y ago> rental rates are exactly the same thing as interest rates (+/- wear and tear and so forth). In what world? I have never seen a market where rents were below P&I for a comparably-priced house[1]. I would love to see a real example of this. [1] Note that this does not automatically make buying better, as rent factors many costs P&I does not.
- ouid 9y agoBecause if not there would be an incredible opportunity for arbitrage.