Why ever would I consider renting? We're still at a relatively low point in the market, and there's a pretty good chance the value of your property is going to go up, not down.
No doubt you can make money on property though, plenty of shows about flipping houses are popular. I was just curious about your math.
I bought a condo in an area that has exploded with gentrification but still after we sell in s couple of months were not expecting a huge profit. We're going to rent and let somebody else deal with all the hassles for a while.
rent is a 1:1 cost:value on living space. Mortgage is leveraged.
