Re: Why do people rent to own?
Well, my 2 cents worth is to remind you all that your mortgage is pretty much rent-to-own and you end up paying 3 times its worth - possibly even more if you got caught up in the housing bubble and have an ARM (some people even have an ARM that is 100% interest!).
GrimJack
ps I actually do know the difference between financing a house and financing a TV; an important point is that if you finance anything!! besides a house, you are losing (and you better not accept financing a house as a no-brainer).
pps - just in case the point is not clear - if you borrow money to buy a car, you pay mostly principal and 'earned' interest; if you finance a car, you pay all the interest first then start paying for the car and you go quickly upside down and owe more than the car is worth.
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