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Old 06-03-2008, 04:32 PM
maat55 maat55 is online now
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I'm not arguing that homeownership is better than renting. but that, too much home, is a bad investment and long term loans make it worse.

At least with ownership, your cost will, after paying it off, only cost you insurance, taxes and upkeep. One thing to remember is that, in most cases, you never realize your profit unless you downsize dramatically, move to a lower cost state, or take out a reverse mortgage.
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