Lay terms?Originally Posted by wawaweewa
Originally Posted by cguy610
Heck with paying rent your whole life. Many of you guys aren't factoring in the inflation in rent prices in your rent vs. buy arguments. 15 years from now, I'll be paying around the same monthly mortgage payment, no, my place will be paid off while rent will probably be double. Especially considering the Fed's current pace of making the dollar worth less than toilet paper.
There is absolutely no justification for renting long term unless you are in a place like NY, where the rent is fixed once you move in.