Saturday, August 04, 2007
Been spending the better part of the last couple of weeks moving to my new RENTAL on the South Shore. I am renting a place that is (theoretically) worth 700k for $2,500 per month. A rental rate of that level is equivalent to buying a house for about 416k - so I ask y'all...why the heck would I buy in today's market when I can rent for 40% cheaper?
Will be back pontificating shortly.